AT&T and Verizon have collectively eliminated 8,000 jobs in the last quarter, significantly reducing their combined employee count. This marks a continuation of substantial workforce reductions for both companies over recent years. Despite CEO predictions, these layoffs appear driven by traditional efficiency measures rather than AI advancements. The companies' revenue per employee has increased significantly during this period of downsizing. Analysts remain skeptical about the AI-driven productivity narrative behind these job cuts.
United States
https://www.lightreading.com/ai-machine-learning/at-t-and-verizon-normalize-layoffs-as-8-000-jobs-go-in-a-quarter