CenturyLink Looking to Cut 8% of Workforce, or About 3,400
- Memo from CEO Glen Post was sent to employees Wednesday
- Revenue fell 1% last year and predicted to fall 2% this year
This article is for subscribers only.
CenturyLink Inc., the Monroe, Louisiana-base phone company, is planning to eliminate 7 percent to 8 percent of its workforce to cut costs as sales decline in its landline communications business.
“After careful consideration, CenturyLink has made the difficult decision to reduce its employee-related costs,” spokesman Mark Molzen said in an e-mail.