AT&T is sacking 3,400 employees and closing down over 250 stores. The AT&T Mobility and Cricket Wireless retail shutdowns will affect 1,300 jobs, while the remaining layoffs will impact technical and clerical employees.
As expected, the pandemic is responsible for this decision and in a recent statement, the company revealed that it is set to get rid of more non-payroll workers than managers or union-represented workers.
It read, “As a result, there will be targeted, but sizable reductions in our workforce across executives, managers and union-represented employees, consistent with our previously announced transformation initiative. Reducing our workforce is a difficult decision that we don’t take lightly. For employees who are leaving as part of these changes, we’re offering severance pay and company-provided healthcare coverage for up to 6 months for eligible employees.”
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Sadly, the loss of employment keeps happening worldwide because of the negative impact of the pandemic on economies. Latest reports from the Bureau of Labor Statistics recently revealed that 2.3 million people lost their jobs in May alone, all over the globe. Therefore, all employees must be ready for anything at their different offices because most companies will do all it takes to keep the business afloat, even if it means laying off loyal workers.