SBC Communications Inc. on Friday said there could be more than 10,000 job cuts through the end of next year.
Over the last 12 months, SBC has reduced its workforce by approximately 7,000 primarily through attrition, according to a filing the San Antonio-based company submitted with the Securities and Exchange Commission.
“Based on a number of initiatives to improve efficiencies, we currently anticipate there will continue to be additional workforce reductions through attrition or involuntary programs that could exceed 10,000 by December 31, 2005,” SBC stated in the 10-Q filing.
SBC, the second largest local phone company, has 165,500 employees.
