FILE PHOTO: A Dish Network satellite dish is shown on a residential home in Encinitas, California, U.S., November 8, 2017. REUTERS/Mike Blake
- Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reuters, without disclosing the number of employees laid off. Shares of the company moved lower after Reuters reported the move, and were last down 4.8% at $21.97 in late morning trading.
“The pandemic has forced us to take a closer look at every aspect of our business, at our work volumes, our areas of focus and investments, and the performance of our team members,” Chief Executive Officer Erik Carlson told employees in an internal memo, which was seen by Reuters late Sunday. “I want you to hear directly from me that we’ve made a series of difficult decisions to reevaluate parts of our business, particularly within In Home Services,” he added.Dish has struggled to retain pay-TV subscribers as it repositions itself as a wireless phone carrier, as customers are shifting to online streaming services including those from Netflix Inc (
This has been long overdue. DishNetwork taking bailout money and cutting their staff. Pretty shitty move, but doesn’t surprise me.
Always though Dish was for people who didn't pay their DirecTV or cable bill...
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »