Growth in TV, networking can't offset decline in landlines.
CenturyLink says it is cutting more than 3,000 jobs to lower its costs.
The Monroe, Louisiana-based telecommunications company said Monday that it expects to lay off about 7 to 8 percent of its 43,000 employees. That would be roughly 3,000 to 3,400 jobs.
According to industry news site CRN.com, CenturyLink blamed a decline in its landline phone business.