CEO says layoffs have dented demand and low-income customers are delaying phone upgrades
AT&T is the first telecom heavyweight to report results for the March quarter.
Rachel Wisniewski for The Wall Street Journal
Updated April 20, 2023 5:08 pm ET
AT&T Inc. executives said the recent rounds of corporate cost cutting and layoffs as well as the return of employees to offices are denting business demand for wireless plans.
Chief Executive John Stankey said Thursday that the company is also seeing signs that some Americans, particularly those with lower incomes, are tightening their budgets.
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Source : The Wall Street Journal