Monday was not a good day for telecom.
That amounts to 8 percent of the Colorado company’s workers.
The layoffs will take place before the end of December, so this will be a dismal holiday season for yet another set of telecom professionals and their families.
Level 3 will take a restructuring charge of $12 million to $15 million in the fourth quarter of 2008. The job cuts will take place across “multiple levels … and multiple locations in North America only,” Level 3 said in a press release.
Level 3’s news came the first work day after PAETEC said it also is eliminating positions — 222, all told.