Barely six months into its new life as a newly merged company, CenturyLink continues to chop even more local employees that resided in the former EMBARQ Overland Park, Kansas headquarters.
Since the company formally launched itself as CenturyLink when CenturyTel completed its acquisition of the former EMBARQ, management has cut about 1,000 from its 20,000 employee base. The majority of the layoffs centered on employees that held information technology and finance positions in the former EMBARQ headquarters. In addition, another 100 employees left CenturyLink unrelated to the layoffs.
Tony Davis, CenturyLink's vice president of investor relations, said that while the integration plan is on track, the additional job cuts are part of an ongoing effort to eliminate redundancy as well as a response to its shrinking wireline voice business.
"You're going to see head count impacts over the two- or three-year integration period," Davis said in a Kansas City Business Journal article. "Those plans evolve over time."
For more:
- Kansas City Business Journal has this article [1]
Related articles
CenturyLink takes axe to Embarq employees [2]
CenturyLink claims savings, but losses continue [3]
CenturyTel-Embarq deal breeds CenturyLink [4]
Links:
[1] http://kansascity.bizjournals.com/kansascity/stories/2010/01/11/story5.html
[2] http://www.fiercetelecom.com/story/centurylink-takes-axe-embarq-employees/2009-08-30
[3] http://www.fiercetelecom.com/story/centurylink-claims-savings-losses-continue/2009-08-07
[4] http://www.fiercetelecom.com/story/centurytel-embarq-deal-breeds-centurylink/2009-06-03