As you know, Windstream Holdings Inc. of Little Rock will emerge from bankruptcy as a private company any day now.
What you may not know is how that transformation will affect the company’s 11,000 employees; the answer is a mixed bag.
Windstream laid off seven people in Arkansas in late July “to operate more efficiently and enable continued investment in strategic growth areas of our business,” according to spokesman Scott Morris. The positions were in engineering and marketing.
But CEO Tony Thomas said the company is evaluating how to deploy fiber in the most cost-effective way and will likely hire engineers and field technicians for build-out projects. Those projects are being funded by the $1.75 billion from publicly traded spinoff Uniti Group Inc. of Little Rock as part of a settlement the companies reached in May.
Thomas also said the company would likely contract its workforce in some areas and grow its workforce in others as it adjusts to top-line revenue changes and does what it needs to do to compete with other telecoms.