NEW YORK — MCI Communications Corp. said Wednesday that it will cut its 40,000-strong work force by as much as 3,000 over the rest of the year in a restructuring that will unify its consumer and business markets divisions.
The second-largest U.S. long-distance carrier said it will take a pretax charge of $600 million to $800 million in the third quarter to cover the layoffs and consolidations and to write off some assets associated with its core business.
MCI also reported a profit of $260 million in the second quarter, up from $215 million in the year-ago period. Revenue rose 12%, to $3.7 billion from $3.3 billion, with strong gains across all market segments.
Washington-based MCI said it will consolidate its core business and consumer telecommunications operations, network operations and information systems under its MCI Telecommunications Corp. unit.