In some ways, it should come as no surprise that CenturyLink plans to lay off seven percent to eight percent of its fixed network workforce by the end of 2016. Revenue is falling and new revenue sources are not big enough, nor feature high enough profit margins, to offset the legacy losses.
It is not the only firm to face those problems. Virtually all U.S. fixed network operations face the same fundamental problems.
So it is not a surprise that CenturyLink is trying to reduce its operating costs. It has to do so.