Wall Street, workforce await Level 3 news

As Level 3 Communications posts quarterly earnings tomorrow morning, Wall Street and the company's workforce will be watching extra closely to see if the company follows through on what was reportedly a consultant's recommendation to cut about 1,100 jobs from its payroll.

Analyst Donna Jaegers from Janco Partners in Denver said she believes such drastic cuts to be unlikely. The carrier is still under the gun to integrate many acquisitions it has made in recent years, and has eliminated about 2000 jobs in the last two years. A couple of those acquisitions positioned Level 3 to have an edge in the content delivery network business.

For more:
- read this story at The Denver Post

Related articles:
- Level 3 CEO James Crowe last month said the company was in recovery mode

 

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