The voice and data services company is cutting personnel at this time to cut overhead and pave the way for a near-future company restructuring, Reuters reports. The 5,000-layoff number was less than the rumored 11,550 or 15% speculated eliminations, according to the wire service.
The job terminations were across the board and not specifically in the company's long-distance center as industry experts had speculated.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
