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.
posted on Tuesday, December 9, 2008
Related companies:
Level
Related stories:
> Level 3 Gets Win At MySpace
> Level 3 Signs Photobucket For Services
> Level 3 Looks For CFO
> Level 3 Sues Limelight Networks Over Patents
> Level 3 Expands Customer Deal
Techrockies.com Home