Friday, September 29, 2006
Hey, when you promise shareholders $15 billon in operational savings, I guess you have to find the money somewhere, eh? And when your new company mantra is "deliver," well, baby, you gotta deliver.
The EETimes tells us that AT&T company insiders claim the telecom company is shipping out significantly more U.S. jobs than it's bringing back and is set to dramatically increase its use of India-based labor.
AT&T upper management "called a meeting three weeks ago and said all the contractors are being let go," says one source, adding that the process is being repeated throughout the company and could ultimately affect hundreds of tech jobs or more.