Monroe-based CenturyLink says it plans to lay off a thousand employees.
The company’s corporate headquarters is home to over 2,500 employees, but but North Louisiana Economic Partnership President, Scott Martinez, doubts this will effect many local workers.
“I think it’s premature to start thinking the sky is falling. I mean, this is a thousand employees, you know, in a company that’s worldwide,” says Martinez.
Monroe Mayor Jamie Mayo believes the layoffs could just be a strategic business move for CenturyLink’s future.
“I don’t think that it’s going to be a significant impact negatively for CenturyLink. In fact, I’m sure that they needed to do some cost cuttings which all businesses have to do and also governmental officials have to do,” says Mayo.
In 2011 CenturyLink and the state of Louisiana entered into an agreement to expand it’s headquarters as well as create 800 new jobs by 2016.
“As a city we’ll continue to work very very closely with them to continue to help them in their future expansions and also some of the companies like IBM that will be coming to Monroe,” says Mayo.
CenturyLink says laid-off employees will receive a severance package and have the option to be placed in an assistance program to help them figure out their next move.
“I challenge anyone to find a company that’s more involved in their community and is more responsive to it’s team member’s needs than century link,”says Martinez.