To get their $2.7 billion acquisition of Verizon's New England networks approved by regulators, in 2007 Fairpoint promised they'd create 675 jobs, but immediately following the deal Fairpoint collapsed into bankruptcy amidst a wave of significant service disruption. While the company has righted the ship somewhat and has been meeting broadband build out conditions, Fairpoint remains financially strained by the heavy debt-burden of the deal -- and the constant erosion of traditional landline customers. Roughly four years after making job creation promises, Fairpoint has announced that the company will be slashing their job force by around 400 workers to save $34 million. "We are making this decision after careful evaluation to ensure that FairPoint is staffed appropriately to serve our customers well, while prudently managing expenses," says company CEO Paul Sunu.