AT&T confirms thousands of job cuts, 250 store closings

AT&T confirmed it is planning widespread job cuts that include managers and executives, in addition to 3,400 technician and clerical jobs. It will also close 250 retail stores, impacting 1,300 retail jobs. While the cuts can't be separated from the COVID-19 impact on the economy, the moves also come as the mobile industry has consolidated from four national players to three following T-Mobile's acquisition of Sprint. AT&T said the store closures were planned, but accelerated by the pandemic. Most store employees will be offered another job with AT&T, the company said.