AT&T Is Preparing for a ‘Significant’ Round of Layoffs, Report Says

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AT&T is preparing another round of “significant” layoffs, according to a report from Vice’s Motherboard on Tuesday.

Motherboard cited internal documents at the telecommunications giant that said AT&T is planning for a “geographic rationalization” that would consolidate some operations in 10 locations, including New York, California, and Texas.

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“To win in this new world, we must continue to lower costs and keep getting faster, leaner, and more agile,” AT&T executive Jeff McElfresh reportedly said in an internal memo shared with company managers on Friday. “This includes reductions in our organization, and others across the company, which will begin later this month and take place over several months.”