The news is all over the Internet -- SBC Communications is cutting about 2% of its workforce. One job in 50. They hope to accomplish the job cuts through attrition and early retirement. Forbes has us listed under the Layoff watch. HA!
My workgroup consists of eight technicians, average seniority is just under 40 years. Five have put in for the separation benefits. They have been putting off retirement until the company came up with a decent offer. The cutback announcement is 'Good News' -- it is what they have been waiting years for.