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DirecTV is laying off hundreds of employees — roughly 10% of its upper ranks — as the company looks to reduce costs amid the heightened pain of cord cutting for pay-TV providers, according to people familiar with the matter.
Most of the job cuts will be at the manager level, the people said, citing an email to employees sent on Friday. Managers make up about half of DirecTV’s fewer than 10,000 employees, one of the people said. The affected employees’ last day will be Jan. 20.
DirecTV reportedly lost around 500,000 customers in its most recent quarter, according to ratings agency Fitch. Although DirecTV’s losses slowed during the height of the pandemic, they recently accelerated to nearly 17%, according to MoffettNathanson.
www.cnbc.com
Most of the job cuts will be at the manager level, the people said, citing an email to employees sent on Friday. Managers make up about half of DirecTV’s fewer than 10,000 employees, one of the people said. The affected employees’ last day will be Jan. 20.
DirecTV reportedly lost around 500,000 customers in its most recent quarter, according to ratings agency Fitch. Although DirecTV’s losses slowed during the height of the pandemic, they recently accelerated to nearly 17%, according to MoffettNathanson.
DirecTV lays off hundreds of managers as cord cutting accelerates
DirecTV notified employees it will cut 10% of its workers, many of whom are managers.
??? the gemini box is far from innovative. even the guide looks as it's from the stone age
