Windstream (NYSE:WIN, news, filings) says it plans to restructure its management ranks, expecting to eliminate 375-400 positions for annualized savings of approximately $30-40M. This has obviously been in the works for a while, and shouldn't surprise anyone given the PAETEC acquisition closed six months ago and there are synergies yet to derive from it.
Of course, when management takes the axe to itself, you can be sure the rank and file are in line as well - just on a different list. But this is an inevitable result of the consolidation that has continued to streamline the sector. Windstream is a very different company than it was a few years ago, more than half of its revenues now coming from outside its incumbent turf and with a growing focus on cloud and enterprise capabilities. There will surely be more over time. For those affected, here's hoping you land on your feet - the job market may not be wonderful but it does seem to be better than it was.
On the other side of the integration, yesterday Windstream brought its enterprise data expansion to Las Vegas. Businesses in the Nevada gambling mecca now have access to their VoIP, SIP trunking, MPLS, and high speed internet services. There are also the cloud and managed services as well. Windstream is filling in the remaining gaps in its national coverage, now that it is no longer a regional ILEC/RLEC.