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Level 3 Chops 450



Broomfield, Colorado-based Level 3 Communications said late Monday that it has cut 450 employees in North America, or roughly 8 percent of its total employee base. Reason for the cuts were not given, however the firm said that the moves will result in a restructuring charge of approximately $12 to $15M in the fourth quarter. Impact of the firm's Colorado operations was not detailed.


 

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