- AT&T—Telecommunications giant AT&T announced it will take a $1 billion loss in the first quarter of 2010 because of healthcare changes from the Obama administration. This charge is the biggest announced to date, and it comes from a company that began 2010 by cutting jobs. Just recently, AT&T eliminated another 136 jobs in San Francisco. While this is credited to the dying landline business, it’s hard to imagine how AT&T could add any jobs in the face of the extra charges from Obamacare.
What do you think? Is the healthcare legislation really going to add millions of jobs? Or will it cost more jobs than it creates?
Cited from: 6 Big Companies Claiming Job Losses from Obamacare | The Avvo NakedLaw Blog http://nakedlaw.avvo.com/government/6-big-companies-claiming-job-losses-from-obamacare.html#ixzz3hfIF6WrF