Word: headcounters
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Dates: during 1980-1989
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...part, AT&T has eliminated 75,000 jobs since divestiture, reducing its headcount by about 20%, from 365,000 employees to the 290,000 who will remain after the new layoffs. It has been a revolutionary development for a company that once offered lifetime job security. Of the 27,400 jobs to be cut under the new plan, 10,900 are designated as management positions and 16,500 are nonmanagement jobs. "The pain will not be felt at just the bottom," Olson emphasized. "It will be painful all around." No division -- not even venerable Bell Laboratories -- will be spared. Since...