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MCI WorldCom slims for the fight

The No. 2 long distance firm says it will slash 2,000 jobs in a vast cost-cutting effort, but the merged firm is gaining momentum to fight the almighty AT&T.

The No. 2 long distance firm says it will slash 2,000 jobs in a vast cost-cutting effort, but analysts and others are watching the merged firm as it gains momentum to fight the almighty AT&T.

MCI WorldCom confirms 2,000 job cuts
update The second-largest phone company behind AT&T will cut nearly 3 percent of its workforce in an effort to slash $2.5 billion in expenses in 1999, a spokeswoman says.

MCI WorldCom plans job cuts
The cuts are aimed at reducing duplication that arose when MCI was acquired by WorldCom in September.

MCI WorldCom growth to outstrip AT&T
A series of converging factors have made MCI WorldCom an "institutional favorite," as the merged firm now has an end-to-end system of local, long distance, and data networks that stretches across the globe.

Telcos wrestle for dominance
roundup In a move to expand its services arm, AT&T signs a deal to buy IBM's Global Network unit for $5 billion in cash. Yet the long distance giant is still looking over its shoulder as rival MCI WorldCom gains momentum.