ISP EarthLink said it would cut 900 jobs and close four offices to reduce costs. EarthLink resells some broadband services but other providers have lower pricing, bundling high-speed services with traditional long-distance and local phone plans.
August 30, 2007 at 12:00 AM
1 minute read
Internet service provider EarthLink Inc. said Tuesday that it would cut 900 jobs — or about half its work force — and close four offices in an effort to reduce operating costs. EarthLink shares climbed 7 percent on the news.
The moves come as the company continues struggling to generate revenues as dial-up access customers turn to high-speed alternatives from cable and phone companies.
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