AT&T would seem like an odd candidate to cut 10,000 or more people. AT&T has over 310,000 employees and, while some of its business, especially cellular, are growing fast, its landline business is shrinking. AT&T's adjusted operating expenses for the second quarter of 2008 totaled $23.1 billion, versus $22.7 billion in the same period last year. So, as it loses residential phone customers it will likely want to cut costs. Wireline voice revenue dropped almost 8% in the latest period to $9.8 billion.
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