13WHAM.com confirms what I’d been hearing in whispers yesterday: Paetec is definitely making cuts. A reader flagged this article for me, thank you.
You’ll remember that Paetec has been having some very serious troubles of late, long before the rumblings of our current economic crisis were making headlines. They’ve been down in the penny stocks range for about half a year or so. This has been worrying to Rochestarians, especially in light of Paetec’s plans for the former MidTown center, which may very well be in jeopardy.
The company employs 800 people in Rochester. The rumor I’ve been hearing – entirely unconfirmed by any authoritative source – is that as many as 300 people could be let go. No time frame has been either rumored or announced. I’ll be keeping an eye on this story as it develops.
And once again, if you have information you’d like to share – from scuttlebutt at work to authoritative fact – I’d be interested in hearing it. You can leave feedback for me here, and your information will remain anonymous.