Net2000 cuts 30% of workforce
Net2000 announced today it is laying off 300 of its 1,000 employees in an effort to streamline its operations.
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Net2000 officials said the weakening economy has forced the company to take cost-cutting measures. Along with the layoffs, Net2000 will close its sales office in Philadelphia, leaving the company with eight sales and operations facilities in its Northeast and Mid-Atlantic footprint.
Net2000 also said it has been able to take advantage of reduced prices for network capacity and has improved its own provisioning time for new customers.
—Kevin Fitchard, staff writer
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© 2012 Penton Media Inc.
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