AT&T (T) will cut 12,000 jobs, or around 4% of its workforce, bringing this year's cuts to...

|By:, SA News Editor

AT&T (T) will cut 12,000 jobs, or around 4% of its workforce, bringing this year's cuts to over 25,000. Citing the economic downturn, AT&T is also working on plans to reduce spending. Shares -2.5% premarket.