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AT&T Broadband Job Cuts, Reorganization Announced

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NEW YORK, Oct. 11 -- AT&T Corp. and Comcast Corp. said Wednesday that 1,700 jobs would be cut at AT&T's cable unit in Denver after the two companies close their $28.6 billion merger combining the nation's No. 1 and No. 3 cable companies, according to Reuters. The companies said 675 employees have been told their jobs would be cut once the deal closes, according to the Reuters article. A total of 1,700 jobs, or about 30 percent of those at AT&T Broadband's Denver headquarters, will be cut during a transition period of six to nine months after the merger closes. The deal is expected to close at...Read full article

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    Published: October 2002
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