CenturyLink plans 1,000-job layoff company wide

CenturyLink, the largest public company headquartered in Louisiana, is eliminating 1,000 jobs company wide.

The Times reports the company had not released a list as of Friday of the communities or states where the layoffs will occur.

CenturyLink employs about 2,700 workers in Louisiana with about 2,500 of them at the corporate headquarters in Monroe. The company has a local annual payroll exceeding $120 million.

The company employs 44,000 globally.

CenturyLink’s layoffs come on the heels of a disappointing second quarter earnings report announced Wednesday that fell below company and analysts’ expectations.

During the second quarter, CenturyLink made $143 million, or 26 cents per share, on operating revenue of $4.4 billion. Last year, the company reported net income of $193 million, or 34 cents per share, on revenue of $4.5 billion.

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