AT&T chief executive Randall Stephenson may be promising to create jobs if tax reform is passed — but that apparently doesn’t mean there won’t be job cuts on the way to payroll growth.

The telecom giant, whose DirecTV unit makes it the largest pay TV operator in the country, last week pink-slipped more than 700 DirecTV home installers, one laid-off worker told The Post.

“Merry Christmas, here’s your pink slip,” the worker said. “It’s affecting all states from Florida to California.”

On Nov. 29, Stephenson said AT&T would create an estimated 7,000 jobs if tax reform passed. Congress is expected to pass its tax-cut bill this week.

Asked about the DirecTV layoffs, an AT&T spokesman said, “We continue to align our workforce with the changing needs of the business. This includes some premises technician jobs.”

AT&T is battling the Justice Department, which is trying to stop the company’s $85 billion acquisition of Time Warner.