Posts Tagged ‘layoffs

Telcos: FCC Action Means Job Losses, Stifled Investment – Please ignore the fact we’re already firing thousands and slowing investment…

AT&T: Wireless Hot, Traditional Broadband Not – $4 billion net income, 1.6m new wireless, 347k fewer DSL

Over the last six months, many AT&T employees have told us they expect the telco to continue laying off a considerable number of workers in 2010.

AOL continues an interesting trip that took them from one of the largest and most powerful ISPs on the Internet, to a fractured and financially-troubled company with dreams of becoming an advertising giant. Of course most of their problems were caused by their inability to adapt to the broadband market.

Sprint announced that they will be laying off between 2000 and 2500 employees during the fourth quarter 2009.

Windstream Communications has announced that the company will be buying Greenville, South Carolina CLEC NuVox Communications for a cool 3 million. Like most CLECs, NuVox has found its niche primarily as a small business operator, offering service to approximately 90,000 business customers.

Verizon has already cut 8,000 jobs in the last twelve months, and during the company’s second quarter earnings conference call announced they’d be laying off another 8,000 employees during the second half of this year.


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