Embarq announces job cuts, profit dip

Independent telco Embarq announced it will cut 1000 jobs by the end of the year, an announcement that came just after the carrier said its third-quarter net income slid almost 5% and it lost about 126,000 lines during the quarter. Embarq did add about 19,000 wireless customers. Its outlook for access line decline of around 6% for the year is right around what other telcos are saying.

Embarq had third-quarter charges related to spin-off expenses and severance charges from the consolidation of two call centers, but CEO Dan Hesse said the company is eager to move such costs and commit to growth.

For more:
- The Kansas City Star reports on the job cuts
- Forbes has Associated Press story on earnings

Related articles:
- Embarq was in our Service Provider Spotlight this week

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