EarthLink's dreams of competing against the big telephone and cable companies are fading as it slashes nearly half its total work force in an effort to cut costs.
On Tuesday, EarthLink announced that it would shed 900 employees. The reason was simple, said Rolla Huff, CEO of the company. EarthLink, which has had four solid quarters of losses and a sinking stock price, needs to return value to its shareholders. And this means eliminating jobs that don't help the company add subscribers or increase revenue.
EarthLink's traditional dial-up Internet access business, which has seen hefty declines in growth over the past few years, will likely see major cuts, especially in marketing.
Source: news.com.com
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