Qwest Communications to cut 1200 jobs

Qwest Communications to cut 1200 jobs

Qwest Communications has announced that they are now going to cut 1200 jobs in their operations.

The company has just posted their latest revenue report and the numbers are not good.

Qwest Communications’ third quarter profit fell 93 percent.

Qwest’s chief executive, Ed Mueller said in a statement: “We have taken a number of steps to keep our costs aligned with customer demand and maintain maximum financial strength and flexibility.”

Revenues is also down 2 percent to $3.38 billion.

The company ended the quarter with 11.9 million phone lines. This number is down 8.9 percent from a year ago.