AT&T, Adobe set to axe 12,600 jobs
Continuing with job cutting spree in corporate America, telecom major AT&T will slash 12,000 jobs while software maker Adobe will reduce its workforce by 600.
By PTI |
NEW YORK: Continuing with job cutting spree in corporate America, telecom major AT&T will slash 12,000 jobs while software maker Adobe will reduce its workforce by 600.
AT&T in a statement said it planned reduction of about 12,000 jobs or about four per cent of its total workforce.
Adobe has said it would slash 600 full-time positions worldwide. "The restructuring will result in anticipated pre-tax charges totalling approximately $44 to 50 mn. Meanwhile, DuPont will cut 2,500 jobs and said it will not turn a profit in fourth quarter as a severe slowdown in markets eats away at chemical sales.
AT&T in a statement said it planned reduction of about 12,000 jobs or about four per cent of its total workforce.
Adobe has said it would slash 600 full-time positions worldwide. "The restructuring will result in anticipated pre-tax charges totalling approximately $44 to 50 mn. Meanwhile, DuPont will cut 2,500 jobs and said it will not turn a profit in fourth quarter as a severe slowdown in markets eats away at chemical sales.
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