When will employees understand that residential/pots/DSl is a mere 25% of the revenue? Seems fairly easy to understand why they are laying off.
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Local is the cow that has been milked forever. It paid for it all. It is the path to the money. Everyone is trying to get in on it except CTL. The long haul and business looks good now but more and more other companies getting in on the action and profit will fall. Long haul will get more players profit will fall. FB and Google doing theit own fiber and don't need Telcom companies.
It doesn't matter if local is profitable or not. the big picture doesn't involve local and at some point it will be sold off or released to survive on it's own.
It is financial machinations that make it falsely appear that the local network is unprofitable. Centurylink charges expense such as corporate jets and lobbyists to local, receiving funds for losses from government, state and local, and redirecting funds to unregulated services.
Again read the Financials, only 25% not 33% of total earnings. You were telephone men, now you are unemployed. Get some skills.
That is billions of dollars.
Residential may be 25% of revenue, but it accounts for 33% of the earnings.