AT&T is cutting another 7,000 jobs this quarter. Combined with earlier cuts, this means the once-proud king of communications will have cut 20% of its workforce this year. They have also bailed out of the residential phone market entirely.
In a piece earlier this year, I discuss how and why the end is coming for the company. I try to make it clear that, despite claims by AT&T that the regulators did them in, the company made a series of strategic business blunders over the past few years that sealed its fate. I received some very interesting responses to this piece, including a number of letters from AT&T employees largely agreeing with me that management had driven the company into the ground. Others bitterly disagreed with my analysis and held onto the view that public policy screwed them over. Anyway, read my piece and tell me what you think.
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