EarthLink Cutting Nearly Half It’s Staff

EarthLink, Inc. (NASDAQ: ELNK) is joining the herd of companies that announce lay offs and stock repurchases at the same time in an effort to support the companies stock price. While 900 people will be laid off, at least Mr. Huff showed respect for the people that were instrumental in building the company.

Rolla P. Huff, EarthLink President and CEO, announced in their Press Release:

“We are extremely appreciative of our employees’ dedication and contributions, and we hope that the benefits and services we have put in place to provide assistance will help during this time of transition,” stated Huff. “While we recognize this is a difficult time for those affected individuals, this was a needed action for the company to better align our cost structure with our existing business.”