Scientology's Reed Slatkin

11 May 2001

Job cuts at Earthlink:

EarthLink eliminated 900 jobs, or 12 percent of its work force, partly because of its merger last year with fellow Internet service provider OneMain.

EarthLink president Michael McQuary said that the cuts, which leave 6,477 employees, are due to attrition and the closing of some former OneMain offices in the Midwest.

The Atlanta-based company also said it had a net loss in the first quarter of $107.7 million, or 82 cents a share. Excluding merger-related costs of OneMain, it earned $35.1 million, or 27 cents a share, compared with a loss of $50.9 million, or 43 cents, in the same period last year.

Analysts surveyed by Thomson Financial/First Call expected a loss of 36 cents a share. Shares of Earthlink (ELNK) were down 43 cents to $11.12 in trading Wednesday on the Nasdaq.

Reuters and AP contributed to this report. http://www.wired.com/news/print/0,1294,43298,00.html


The views and opinions stated within this web page are those of the author or authors which copyrighted and wrote them and may not reflect the views and opinions of the ISP or account user which hosts the web page. The opinions may or may not be those of the Chairman of The Skeptic Tank. The term "Scientology"® is trademarked to the Scientology crime syndicate. This information is provided in Fair Use for the public safety in the hopes that others don't fall for Scientology's related frauds.

Return to The Reverend Reed Slatkin main index page Return to The Skeptic Tank's main index page.

E-Mail Fredric L. Rice / The Skeptic Tank