DirecTV Laying Off 10 of Management Employees as It Continues to Lose Subscribers
DirecTV is pink-slipping hundreds of staffers, telling employees that 10 of managers will be losing their jobs in a round of layoffs aimed at reducing costs amid ongoing cord-cutting subscriber losses.
DirecTV’s cutbacks were first reported by CNBC. Employees were notified about the layoffs in a Jan. 6 memo; most of the cuts affect managers, which comprise half of DirecTV’s approximately 10,000 employees. The laid-off employees’ last day at DirecTV will be Jan. 20, per the CNBC report.
“The entire pay-tv industry is impacted by the secular decline and the increasing rates to secure and distribute programming,” a DirecTV rep said in a statement to Variety.
DirecTV’s cutbacks were first reported by CNBC. Employees were notified about the layoffs in a Jan. 6 memo; most of the cuts affect managers, which comprise half of DirecTV’s approximately 10,000 employees. The laid-off employees’ last day at DirecTV will be Jan. 20, per the CNBC report.
“The entire pay-tv industry is impacted by the secular decline and the increasing rates to secure and distribute programming,” a DirecTV rep said in a statement to Variety.
- 1/12/2023
- by Todd Spangler
- Variety - TV News
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