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AT&T said Friday that it would eliminate the jobs of about 4,650 workers, trimming the managerial ranks in its fading home phone business after more than $100 billion in acquisitions.

Managers Among 4,650 Losing AT&T Jobs - New York Times

[What’s interesting about this is the managers and the acquisition cost -  and mostly - the decline of the home phone business … blink!] 

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