Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »
Apply today for a FREE subscription to CIO Magazine!
AT&T to Cut 12,000 Employees Through 2009
AT&T will lay off 12,000 workers through 2009 as the company reorganizes and faces a tough economic environment, the company said Thursday.
December 04, 2008 — IDG News Service —
AT&T will lay off 12,000 workers through 2009 as the company reorganizes and faces a tough economic environment, the company said Thursday.
AT&T will spend US$600 million in its fourth quarter 2008 for severance payments to those workers, which represent about 4 percent of the company's workforce.
The company tried to soften the blow by saying it will add employees in some areas, such as wireless, video and broadband, in order to meet customer demand. Many non-management employees who are affected will have a guaranteed job offer as stipulated in union contracts, AT&T said.
AT&T said it will reduce its 2009 capital expenditure from 2008 levels. Those plans are now being finalized and will be revealed during its fourth quarter 2008 earnings call at the end of January.
Investment firm UBS predicts that capital spending by service providers such as AT&T could decrease by as much as 10 percent in 2009.
AT&T grew both its revenue and net income for its third quarter 2008, boosted in part by a rush of new customers buying Apple's 3G (third-generation) iPhone.
Still, the company missed analysts' expectations. The company reported net income of $3.23 billion, up from $3.06 billion in the third quarter of 2007. Revenue grew from $30.1 billion to $31.3 billion.
Copyright © 2008 IDG News Service. All rights reserved. IDG News Service is a trademark of International Data Group, Inc.
The Intelligent Enterprise
The Case for A Specialized Security Platform
Protecting the Code: Technology Escrows Safeguards Critical Software
Optimizing Infrastructure Control
Enterprise Findability without the Complexity
Google Case Study: Agile Software
Google Search Appliance - New Features
Complexity is Good
Raising the Bar on Business Service Delivery: Best Practices in Application Performance
Paving the Way for Trusted Collaboration
Enabling the Global Enterprise
Get a grip on your mobile workforce Webcast
Resource Alerts
Get instant email notifications by topic when white papers, webcasts, and case studies are added to our library.
AMD to Bring HD Gaming and Movies to Mobile Phones
Intel-Backed Enterprise 2.0 Suite is Discontinued
Wall Street Beat: IT Faces Tough Start to 2009
Dual-Mode Smartphones Help Boost Wi-Fi Shipments
Palm Announces WebOS and Pre Phone
Nokia Ends Production of Its Only WiMax Device
FAQ: How to Get the Windows 7 Beta
HP Aims TouchSmart Desktop PC at Businesses
Red Hat to host Second Life-like virtual JBoss trade show
Windows 7 Public Beta to be Available Friday
Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
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