AT&T's Chief HR Officer Angela Santone Departs Amidst $8B Cost-Reduction Program and Job Cuts
Portfolio Pulse from Anusuya Lahiri
AT&T's Chief Human Resources Officer, Angela Santone, is set to depart in September amidst an $8 billion cost-reduction program and job cuts. The company has been conducting rounds of layoffs, reducing its total staff by 32% since the beginning of 2021. AT&T is restructuring its operations, reducing 350 offices to nine core locations, and requiring 60,000 managers to work in person at these hubs.
August 01, 2023 | 11:52 am
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AT&T's cost-cutting measures and job cuts could potentially impact the company's operations and staff morale. The departure of the Chief HR Officer could also lead to changes in the company's HR policies.
The departure of a key executive and the ongoing cost-cutting measures, including significant job cuts, could potentially impact AT&T's operations and staff morale. This could lead to a negative sentiment among investors, potentially affecting the company's stock price.
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