AT&T has announced plans to cut 1.5 percent of its workforce of 309,000. Sad times ahead for the company? Not quite. Apparently the 4600 jobs will be harvested from managerial spots in its flagging wired home phone business, so no worries, wireless types. Now here's where it gets interesting: word has it that AT&T also expects to hire back that same number of employees into the fold -- the wireless fold, that is -- keeping the total headcount nice and steady. We'd wager that we'll see more cuts like this in the coming months and years, so if you were pondering that job as a switchboard operator, time to retrain. So yeah, turns out it's business as usual for the number one carrier after all -- unless you happen to be in the 4600-strong group of obsoleted folks, that is.