Time Warner Telecom slashes 11% of workforce
Time Warner Telecom, a commercial phone and data services company partly owned by AOL Time Warner, said it will cut 230 jobs – nearly 11% of its workforce – to save money and internally fund operations.
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After the layoffs, Time Warner Telecom said it would have about 1900 employees and might add workers in certain areas to support future growth.
The company recently posted a second quarter loss based on lower revenues and has, like most competitive providers, been damaged by the slumping economy.
– Jim Barthold, senior editor
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© 2012 Penton Media Inc.
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