AT&T to cut workforce in Slovakia as COVID-19 continues to weigh on demand

In an announcement on Monday, AT&T Inc. (NYSE: T) expressed plans of slashing its workforce in Slovakia in a bid to cushion the economic blow from the Coronavirus pandemic that it said was keeping demand under pressure. The COVID-19 crisis has so far infected more than 95 million people worldwide and caused over 2 million

"These actions align with our focus on growth areas along with lower customer demand for some legacy products and the economic impact and changed customer behaviours resulting from the COVID-19 pandemic."