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TikTok is cutting 250 jobs in Nashville, Apple is reducing 147 positions in the Bay Area, and AT&T has filed a WARN notice for 138 jobs in New Jersey. Zoox is expanding without confirmed mass layoffs. Tech sector job cuts rose 52% year-over-year, but hiring also increased. AI is part of the restructuring, but not the sole cause. Government data shows overall U.S. job growth, with tech-related roles projected to increase.

AT&T has extended the deadline to Dec. 18 for customers to file claims in a $177M class action settlement over 2019 and 2024 data breaches. The settlement includes $149M for the 2024 breach and $28M for the 2022 incident, with direct payments already made to those with financial losses. Affected customers must submit a claim form with a Class Member ID by the deadline.

AT&T seeks FCC approval to discontinue copper-line services in over 200 locations across 20 states, advancing its transition to newer technologies. The move is part of the company's ongoing efforts to modernize its infrastructure.

Cable One (CABO) reported Q2 revenue of $348.9M, down 8.4% YoY, missing EPS and EBITDA estimates. Comcast (CMCSA) reported $29.57B revenue, up 4.7% YoY, beating estimates. Optimum (OPTU), AT&T (T), and Verizon (VZ) also reported mixed results. CABO stock fell 36.3% post-earnings, while CMCSA, OPTU, T, and VZ rose 14.3%, 29.4%, 16.7%, and 14.7% respectively.

J.P. Morgan analyst Sebastiano C. Petti ranked AT&T as the top telecom stock for September, citing its fiber and convergence strategy. AT&T reported Q2 adjusted earnings of $0.65 per share, exceeding estimates. Anterix and T-Mobile were also highlighted, with both receiving Overweight ratings. Anterix's Q1 earnings and revenue surpassed expectations, while T-Mobile's shares declined 5.5% post-Q2 results.

AT&T sued Charter in Texas court, alleging deceptive advertising for using 'fiber-powered' to describe HFC broadband. AT&T claims this misleads consumers, causing irreparable harm. Charter argues it's on solid legal ground. Both companies are competing in the broadband market, with AT&T expanding fiber and Charter upgrading HFC. AT&T previously raised this issue with the National Advertising Division, which Charter addressed, but AT&T is now pursuing legal action.

A federal magistrate judge recommended that a lawsuit by AT&T retirees over a pension fund transfer can proceed against State Street Global Advisors but not AT&T. The judge found the retirees have standing and alleged a breach of fiduciary duty in the selection of Athene Holding as the annuity provider. AT&T had delegated fiduciary responsibility to State Street.

AT&T (T) partnered with Ericsson (ERIC) for 5G expansion, upgrading networks while Ericsson faces hardware delivery challenges. AT&T's Q2 2026 revenue rose 2.3% to $31.6B, EPS up 20.4% to $0.65. Ericsson's Q2 sales fell 6% to $5B, net income down 12%. Hedge funds adjusted stakes in both. AT&T's debt and legacy revenue declines are risks; Ericsson's margins face pressure from component costs.

AT&T deployed OTel 2.0, an AI model for telecom, using AMD and Dell hardware. The model, trained on 400B telecom-specific tokens, runs on AMD Instinct GPUs and Dell servers, reducing inference costs by up to 90% according to AT&T. The project involves Microsoft, Red Hat, and others, with plans for weekly updates.

AT&T (T) reported a consolidated adjusted EBITDA margin increase of 110 basis points to 39.1% in Q2 2026, driven by revenue growth and cost savings. Total revenue rose 2.3% year-over-year, while adjusted EBITDA grew 5.2%. The company aims to discontinue legacy services in over 30% of wire centers by late 2026, targeting $4 billion in annual cost savings by 2028. Fiber ARPU fell 1.3% year-over-year, but AT&T added 147,000 consumer postpaid wireless accounts, its best in over three years.