AT&T Halts Controversial Stock Buyback Plan After Pressure Over Job Cuts

AT&T received flak earlier this year after it was revealed that the company has cut nearly 38,000 jobs since the Tax Cuts and Jobs Act went into effect two years ago. During the fourth quarter of 2019, the company eliminated more than 4,000 jobs. It promised to add 7,000 jobs using the money it saved due to the tax cut. The company also boosted Stephenson's pay while cutting jobs.

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