Thursday, February 5, 2009

Time Warner Cable losing money, plans layoffs

The image “http://tbn0.google.com/images?q=tbn:DKB07OMR4pR4yM:http://profy.com/wp-content/blogs.dir/1/images/cyndy2008/timewarner_store.jpg” cannot be displayed, because it contains errors. You know it's bad when the cable company starts laying off.

The 500-pound gorilla in the area known as Time Warner Cable reportedly will lay off as many 1,250 employees nationwide, this after the media giant posted a $7.34 billion loss for 2008. It is unclear how many employees will be affected in the Triad. It is also uncertain how this will affect employees and operations at the Time-Warner-owned News 14 Carolina.

E.C. :)

1 comment:

Anonymous said...

It is surprising they don't just raise rates like they used to do every few months when I was with them. I guess the satellite companies are making a dent. I now pay about 40% less for similar service.