 |
MemeStreams Discussion |
|
| This page contains all of the posts and discussion on MemeStreams referencing the following web page: SBC to Cut 11,000 More Jobs (and Whine About It). You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet. |
| SBC to Cut 11,000 More Jobs (and Whine About It) by Jeremy at 9:05 pm EDT, Sep 26, 2002 | |||
SBC announced it will cut its workforce and reduce CAPEX in response to a continued weak economy and outmoded regulation that could threaten the future viability of its telecommunications networks in many of its states. CEO: "These actions ... should be of concern to every consumer ... Wholesale prices are below cost. SBC has lost 3 million retail access lines year-to-date." The company continues to reduce its investment in its network. SBC goes political, but mainly just comes off as weak and whiny. Apparently they sense an election-time opportunity and are trying to spark some regulatory activity. Or maybe they're just trying to drag along some competitors on the fast track to the bottom. | |||
| Link - Reply | |||
