AT&T Cutting 12,000 Jobs to Lower Costs

dell takes a slice at apple with super thin latitude z dellz closed

Communications giant AT&T has announced it is planning to cut roughly 12,000 jobs from its global workforce, an overall reduction of about four percent. The cuts will start this month and continue throughout 2009, and the company estimates it will take a one-time charge of about $600 million in the fourth quarter of 2008 to handle employee severance and other costs incurred by the layoffs.

The job cuts add AT&T to the growing roster of tech companies shedding jobs. AT&T’s announcement comes just as Viacom announced it planned to trim about 7 percent of its overall workforce, and software maker Adobe Systems said it plans to lay off about 600 employees.

The job cuts are a move to reduce the company’s costs and expenditures as it tries to weather the global economic downturn. The company says that while it is cutting jobs in some areas, it is still adding employees in other areas, like wireless, broadband, and video services. Some of the employees impacted by the job cuts have a guaranteed job offer under union contracts; it’s possible they will simply shift to other areas of the company rather than leave AT&T entirely…but there’s no telling if the new job offers will in any way compare to the positions being eliminated.

AT&T also plans to lower its 2009 capital spending from 2008 levels; the company says it will outline its plans in late January, and the details are still being nailed down.

AT&T has seen its share price drop by nearly a third during 2008, as the company has faced increasingly difficult economic conditions and a continual erosion of its installed base of landline telephone customers. The company has been shifting toward mobile and Internet-based revenue streams—and the Apple iPhone has significantly boosted the company’s pool of mobile subscribers, even while eating away at profit margins due to heavy subsidies.

Smart Home

Instant Pot has another winner with its Accu Slim sous vide

We all know that Instant Pots are the bomb, but did you know that Instant Pot has a sous vide immersion circulator too? The Accu Slim lets you cook sous vide recipes at home. How does it perform? We tested the device to find out.
Deals

Amazon lowers Echo Dot cost and slashes price of the Dot and Smart Plug bundle

Amazon just unleashed extraordinary price cuts on third-generation Echo Dot smart speakers. The Alexa device is back in stock following the blowout sales last holiday season. The Echo Dot is the best-selling Alexa smart speaker worldwide.
Smart Home

Amazon cuts prices on Alexa-controlled Echo and Echo Dot bundles

Amazon cut prices on Alexa and Amazon Echo device bundles. The second-generation Amazon Echo and third-generation Echo Dot are bundled in discounted deals with the Amazon Smart Plug. The Echo and Echo Dot are also bundled together.
Computing

This limited-time Dell deal cuts $330 off the price of the XPS 15

Dell is currently running a limited-time sale that is cutting the pricing on the XPS 15 down by $330, but only through Thursday, March 21, and with the use of a special coupon code. 
Computing

HP’s spring sale cuts prices on the 15-inch Spectre x360 by $270

Looking for a new laptop to start off the spring season? HP has you covered and is currently running a sale that is cutting $270 off the price of the 15-inch touchscreen variant of its Spectre X360 Windows 10 convertible laptop. 
Deals

Air purifiers get steep price cuts on Amazon just in time for allergy season

Spring kicks off allergy season, and Amazon has cut prices on three highly rated air purifiers to bring relief. Allergens and contaminants in the air can have long-term consequences, says the EPA, so proactive steps can help today and later…
Deals

Walmart slashes prices on iRobot Roomba and Shark Ion robot vacuums

Walmart slashed prices of top robot vacuums from iRobot, Shark, Eufy, and Ecovacs just in time for spring cleaning season.  With a robot vacuum on the job you can retire that old upright and let a robot vacuum take over floor-cleaning…
Deals

Amazon slices prices in half for AeroGardens smart indoor garden, today only

AeroGardens can grow up to six plants at one time. The plants grow in water, not soil, so you never have the mess of outdoor gardening in your clean home. This method allows the plants to grow five times faster than if they were planted in…
News

LG’s SnowWhite is a Keurig for lovers of homemade ice cream

LG's SnowWhite conceptual countertop appliance, on display at this year's South by Southwest, is like a Keurig machine for ice cream lovers that produces your favorite frozen desserts from nothing but a little pod.
Deals

Amazon shaves $50 off the Coway Mighty air purifier ahead of allergy season

When it's allergy season, a good air purifier is a must-have for sufferers. The Coway Mighty air purifier (now on sale from Amazon) is one of the best, greatly improving the air quality inside your home by removing dust, dander, pollen, and…
Smart Home

Dyson’s newest products strive to keep your home cool, clean, and well-lit

Dyson launched products to keep your home cool, clean, and well-lit. A Dyson intelligent task light cycles with nature and a personal air purifier harnesses unique airflow. Microprocessors in Dyson's vacuum self-adjust 8,000 times a second.
Smart Home

Smart light switches have become more affordable: Here are the best ones

The ability to control the lighting in your home can have a big effect on your living space. To have more control over your lighting, check out the best smart light switches on the market. 
Smart Home

Update your kitchen with the best refrigerators you can buy in 2019

There are tons of factors that go into buying a fridge, from size and capacity to color. It takes lots of testing and research, but we've chosen the best refrigerators to get you started, regardless of what you're looking for.
Smart Home

Walmart serves up a rare deal on the Google Home Max at $100 off

Some deals are predictable and others are pre-announced, but today Walmart posted a rare deal: $100 off the powerful Google Home Max. Since it rarely goes on sale, waiting may not be prudent. If you want one, grab it.