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INDUSTRY: Multiplatform Layoffs Begin
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Viacom, AT&T, Charter and NBC-Universal all announced layoffs on Thursday, totaling more than 13,000 multiplatform jobs, due to the economic downturn. The steepest cuts were at AT&T, where four percent of the workforce (or some 12,000 employees) across all departments were cut, followed by 850 at Viacom and nearly 500 from NBCU's sales, news, films and parks divisions. Viacom also announced plans to freeze senior management salaries in 2009. Charter will cut less than 75 jobs as it realigns its operating structure into East and West.
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Viacom, AT&T, Charter and NBC-Universal all announced layoffs on Thursday, totaling more than 13,000 multiplatform jobs, due to the economic downturn. The steepest cuts were at AT&T, where four percent of the workforce (or some 12,000 employees) across all departments were cut, followed by 850 at Viacom and nearly 500 from NBCU's sales, news, films and parks divisions. Viacom also announced plans to freeze senior management salaries in 2009. Charter will cut less than 75 jobs as it realigns its operating structure into East and West.