For decades the telephone company has been known as a place where hardly anyone ever got fired. My, how Ma Bell has changed. Last week American Telephone and Telegraph announced that between now and the end of 1986 it plans to cut its work force by 24,000, possibly the largest single sloughing in American corporate history.
The planned terminations were the result of the new era in telephone competition that began 20 months ago, when the Bell System was broken up. The old network was divided into seven regional operating companies and a smaller AT&T; to compete in long-distance service and...
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