Why does SBC hate America?
SBC to Cut Nearly 13,000 Jobs in AT&T Deal
Reuters via Yahoo! (02.01)
Yeah, it isn't "outsourcing" but it is the loss of good jobs and that hurts us all.
SBC Communications Inc. on Tuesday said it expects to cut around 12,800 jobs as a result of its $16 billion acquisition of AT&T Corp.And here's the breakdown:
...5,125 jobs will be cut as a result of network efficiencies.
...1,700 will be trimmed from the combined sales department
...3,400 will be cut from business operations
...2,600 will be cut in divisions such as legal, advertising and public relations.
...60 percent of the cost savings from the deal to come from job cuts.
As Atrios says, "lucky duckies everyone!"
Maybe we're looking at this all wrong.... maybe they aren't really "job losses" at all... they're "cost savings"! And everyone likes "cost savings" don't they? (cue little Wal–Mart smiley guy to cut costs)
SBC currently employs 163,000 people, while AT&T employs 47,000 people, but each company is planning its own job cuts prior to closing the deal.So, good workers, that the loss of your jobs (and the sacrifices your family will subsequently have to make) will serve a greater good! Be proud to be mid–wives to this great birth in American Commerce!
The company's remarks come a day after SBC said it would buy AT&T, creating the largest telephone company in the United States.