January 28, 2019 / 11:28 PM / 5 months ago

AT&T to cut jobs in weaker business units

FILE PHOTO - An AT&T logo is pictured in Pasadena, California, U.S., January 24, 2018. REUTERS/Mario Anzuoni/File Photo

(Reuters) - AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday.

The layoffs will affect a “small” portion of the workforce and are consistent with staffing changes AT&T has done in the past, spokesman Jim Greer told Reuters by telephone. He declined to specify how many positions would be cut.

AT&T is the second-largest U.S. wireless carrier by subscribers. Last year it agreed to buy Time Warner for $85 billion, and it said in June it plans to achieve annualized cost savings of $1.5 billion over three years.

Reporting by Sheila Dang; Editing by Dan Grebler

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