FILE PHOTO - An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo (Reuters) - AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday. The layoffs will affect a “small” portion of the workforce and are consistent with staffing changes AT&T has done in the past, spokesman Jim Greer told Reuters by telephone. He declined to specify how many positions would be cut. AT&T is the second-largest U.S. wireless carrier by subscribers. Last year it agreed to buy Time Warner for $85 billion, and it said in June it plans to achieve annualized cost savings of $1.5 billion over three years. Reporting by Sheila Dang; Editing by Dan Grebler
AT&T said it would cut jobs in declining business areas and concentrate its hiring in faster growing sections of its business. The company said only a small part of the workforce would be affected, although it did not release any numbers.