Shouldn’t they be focusing on the 3G iPhone?

AT&T will cut roughly 1.5 percent of its workforce, primarily among its management ranks, according to a filing Friday with the Securities and Exchange Commission.

The move is part of its “next step in streamlining its operations,” following its acquisitions of several regional companies in recent years. AT&T expects to take a pre-tax charge of $374 million in the first quarter as a result of the layoffs.(CNET)