Cox Communications to Cut 5% of Staff as Sales Decline
- President cites ‘fierce’ competition in message to employees
- Cable, internet provider says revenues are down, costs are up
The Cox Enterprises Inc. headquarters in Atlanta, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Cox Communications Inc. will cut hundreds of workers as revenue in cable-TV and phone service declines.
The company will reduce its workforce by about 5%, primarily among corporate staffers who don’t interact with customers, President Mark Greatrex said in a message to employees Thursday.