CenturyLink cutting hundreds of jobs [telecom]

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.

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