CenturyLink cutting hundreds of jobs [telecom]

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by Greg Avery

CenturyLink Inc. has started laying off hundreds of employees
companywide in cuts that will continue in coming weeks as the telecom
adopts new technology and streamlines following last year's merger
with Level 3 Communications.

The Monroe, Louisiana-based company (NYSE: CTL) is cutting 2 percent
of its staff, eliminating jobs in various divisions across the
business, CenturyLink confirmed Thursday. The company did not disclose
an exact number, but employment figures it disclosed earlier this year
suggest a 2 percent cut would mean as many as 1,050 employees let go.


Bill Horne
(Remove QRM from my email address to write to me directly)

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