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AT&T to Cut 1,800 Jobs across Its Wireline Division

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Jun. 21 2019, Updated 9:39 a.m. ET

Job cuts

On June 19, FierceTelecom reported that AT&T (T) plans to cut as many as 1,800 jobs from its wireline segment by August or September. The job cuts are mainly due to a slowdown in AT&T’s fiber deployments. The company has completed the 12.5 million government-mandated buildouts.

According to a FierceTelecom report, “AT&T declared more than 1,800 jobs nationwide as “surplus,” which means they are slated for elimination across both union and non-union jobs.” FierceTelecom said, “The 1,800 job cuts across 24 states affect wireline technicians who fix customer issues, do new installs, and build out AT&T’s fiber deployments.”

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Business wireline division

In the first quarter, AT&T reported business wireline revenues of $6.50 billion—compared to $6.75 billion in the first quarter of 2018. AT&T’s business wireline services’ adjusted EBITDA fell YoY (year-over-year) in the first quarter to $2.5 billion from $2.7 billion. The adjusted EBITDA margin also decreased YoY to 37.8% in the first quarter from 40.5% in the same period a year ago.

According to FierceTelecom’s report, there are a lot more places in the US where “AT&T could build next-gen networks in areas that haven’t been upgraded from copper to fiber.”

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