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EarthLink dropping half its workers
EarthLink is cutting about half its workforce — 900 jobs — and closing four offices in an effort to reduce operating costs. The Internet service provider and its rivals are struggling to generate revenues as more and more dial-up customers sign up for high-speed service from cable and phone companies. Wall Street liked the plan: The announcement shot the company's shares up 7 percent.
Posted on August 29, 2007 5:26 AM PT | Permalink
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