While Rogers top-level executives remain safe, hundreds of lower level employees are on the chopping block as Canada’s largest wireless provider announces the second round of job cuts to cut costs, the company confirmed today.

Just under 400 employees will be terminated, many in middle management positions in both the cable and wireless divisions Rogers operates. Rogers slashed at least 300 jobs earlier this year.

Rogers blames increasing competition from Bell, Telus, and smaller wireless carriers for the cost cutting. Rogers position in the market has stalled as other carriers increase their promotional offers to win over Rogers’   customers.

Bell is also cutting into Rogers’ position in cable television and broadband, especially in Ontario where the company’s Fibe TV is eroding Rogers’ margins.

“Where we actually saw the losses in subscribers, again more at the bottom end of the market with bundled offers that were extremely cheap, what we would call unsustainable, aggressive bundled offers with price points down in the mid-$70 range for a triple-play for the first six months,” Robert Bruce, president of communications told investors during an April conference call.

Rogers’ knife-wielder is its new chief financial officer Tony Staffieri, a former executive vice-president of finance at Bell. Staffieri was hired earlier this year to launch a new cost-cutting philosophy. But top executives at Rogers have been largely immune to the job and cost cuts.

Other stories of interest:

1. What Spectrum Crunch? Rogers Caps Your Data Usage But Plans Unlimited LTE Video-on-Demand
2. Rogers Hiking Prices on Broadband by $2/Month; Blames Service “Enhancements”
3. Rogers Launches Astroturf Campaign to Recruit Customers to Lobby For Spectrum… for Rogers
4. Rogers to Customer: We Are “Not Required to Honor What An Agent Says”
5. Rogers Abandoning Portable Internet Service: Internet Overcharging 3G in Rural Canada’s Future