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.
- Embarq was in our Service Provider Spotlight this week