AT&T said early Tuesday that its efforts to cut 18,000 jobs is well ahead of schedule.
Last January the carrier said it would look to eliminate 18,000 positions but expected it would take two years to complete. The swiftness of the downsizing effort is due largely to people taking early retirement due to the booming stock market, company executives said.
A company spokesman said that more job cuts may occur in 1999.
AT&T isn't the only major carrier trimming down. MCI Worldcom has also called for a reduction of about 2,000 in its workforce. Some experts have said MCI Worldcom will likely call for more cuts after the new year.