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Carrier Catchup: How The U.S. Telecom Titans Closed Out 2018

From M&A activity, to job cuts, to the introduction of brand-new services, here's what the biggest carriers in the U.S. were up to as 2018 came to an end.

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CenturyLink Reveals Job Cuts, Holiday Bonus Cuts

Ahead of the holidays, CenturyLink announced that it is trimming its workforce by about 175 jobs in locations across the 16 states in the carrier's footprint.

The Monroe, La.-based provider also revealed that it had decided to discontinue holiday bonuses for its employees. A spokesperson for CenturyLink said that the decisions came as the carrier tries to remain cost-competitive and called the job cuts "voluntary separations" for select union-represented field operations employees.

CenturyLink wasn't the only carrier to announce job cuts this year. Competitor Verizon also revealed that 10,400 of its employees accepted buyouts as part of what it also is calling its “voluntary separation program."

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