NEW YORK (CNN/Money) - SBC Communications Inc. plans to cut about 5,000 jobs in the second quarter, the company said Tuesday, citing a sluggish economy and a "burdensome regulatory environment."

The job cuts, which the company said would be completed by the end of June, will be made in 13 states and will involve management and non-management employees. SBC employs more than 190,000 people around the world.

The San Antonio-based company said in April it planned 4,000 job cuts this year, and the additional 1,000 announced Tuesday will bring the total job cuts in the first half of the year to 15,000.

"The soft economy -- and regulations which our competitors don't face -- have combined to force us to cut expenses and jobs," SBC President William Daley said in a statement.

Daley said government oversight was in part to blame for a general slowdown in spending by U.S. businesses, which helped set the stage for a recession that began in March 2001.

"As the rules stand now, SBC is discouraged from investing in new infrastructure or new jobs," Daley added. These rules are not economically rational, and they are uncertain at best."

SBC dislikes the conditions placed on its ability to offer long-distance service and other regulations of its standard telecom operation, and it objects to conditions placed by the government on its development of broadband data service.

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"Only telephone companies like us are regulated [in providing broadband], while our cable and satellite competitors are not," SBC spokesman Selim Bingol said. "That adds hundreds of millions to our costs and delays to our deployment ability."

In October 2001, the company announced plans to cut thousands of jobs and back away from efforts to expand into providing broadband data service and other high-growth businesses, citing "one of the most challenging business environments in recent memory."

When SBC reported fourth-quarter earnings in December, it also said it would miss expectations for 2002 earnings.

Shares of SBC (SBC: up $0.91 to $32.96, Research, Estimates), which was one of the seven "Baby Bells" created by the break-up of AT&T Corp. (T: down $0.26 to $13.44, Research, Estimates) in 1984, rose nearly 3 percent at the time of the announcement.