\tAT&T COO John Stankey (pictured) detailed a plan to expand a cost-cutting campaign, highlighting a shift in focus from network operations to staffing and corporate expenses.<\/p>\n
At an investor conference, Stankey noted the operator had reduced annual network operation costs by between 6 per cent and 8 per cent each year over the past five. In 2020, it aims to shed a further 4 per cent (roughly $1.5 billion) from its expenditure by streamlining other areas of its business.<\/p>\n
It will intially focus on slashing staffing costs, with Stankey targeting moves early in 2020. He stated nothing is “off the table” in a review which will also cover benefits, management structure, distribution strategies, call centre operations and its fixed line products.<\/p>\n
The move comes as AT&T faces pressure from activist investor Elliott Management [1] to reduce costs and divest non-core assets.<\/p>\n
In a statement, AT&T noted it will continue to drop non-core assets in 2020 to help pay down debt, with sales potentially including its regional sports networks, property and towers.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/att-in-talks-to-diffuse-shareholder-row\/<\/p>\n","protected":false},"excerpt":{"rendered":"
AT&T COO John Stankey (pictured) detailed a plan to expand a cost-cutting campaign, highlighting a …<\/p>\n
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