NorthPoint Communications Unmoved by Layoffs
High-speed Internet service provider
NorthPoint Communications
(NPNT)
was unchanged in early afternoon after being up much of the morning. The company said it would cut its workforce by 19%, or 248 jobs, to lower expenses after the collapse of its merger with
Scroll to Continue
TheStreet Recommends
Verizon
(VZ) - Get Verizon Communications Inc. Report
. NorthPoint's stock plunged 73% Nov. 30 after Verizon pulled out of the agreement.
