Cox Communications, the third-largest cable operator in the U.S., will eliminate about 460 positions, representing 2% of its nationwide workforce of 23,000, company officials confirmed.
In a statement, Cox said, “In today’s challenging business environment many companies are taking steps to make their operations more efficient. Cox is undertaking this action to enhance our competitiveness while allowing resource investment in new growth opportunities.”
Cox’s wireless group will not be affected by the cutbacks, according to spokesman Todd Smith. Last week the Atlanta-based MSO announced plans to introduce its own mobile-phone service in 2009, in partnership with Sprint Nextel as it builds out its own CDMA network.
The layoffs were reported in Tuesday editions of The Atlanta Journal-Constitution.
Privately held Cox had gross revenue of $8.3 billion in 2007. The MSO has 6.2 million residential and commercial customers.