<http://news.bbc.co.uk/2/hi/business/7765222.stm>

  The US telecommunications company, AT&T, has announced 12,000 job
  cuts, or 4% of its workforce, in an effort to significantly reduce
  costs.

  The Texas-based firm cited economic pressures, a changing business
  environment and the need for a more efficient organisational
  structure.

  AT&T said the staff cuts would start in December and would continue
  throughout 2009.

  It also forecast a reduction in capital expenditures next year.

  IN A STATEMENT, AT&T ADDED THAT, DESPITE THE CUTS, IT WOULD CONTINUE
  TO CREATE JOBS IN OTHER PARTS OF THE BUSINESS, SUCH AS WIRELESS,
  VIDEO AND BROADBAND. [emphasis added]

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