LITTLE ROCK, Ark. — Windstream Corp. says it is cutting 350 jobs, or nearly 5 percent of its work force, in part to balance out declining revenue in its residential voice unit.
The Little Rock, Arkansas, company offers phone, high-speed Internet and high-definition digital TV services and has 7,100 employees. Its profit and revenue have fallen overall in the first and second quarters.
Windstream will make the cuts this year through volunteers, cutting open positions and attrition.
The company expects a $15 million charge in the fourth quarter for severance benefits.
Windstream said the restructuring will help it focus on broadband and business enterprise opportunities.