DirecTV lays off hundreds of managers as cord cutting accelerates
Publishing timestamp: 2023-01-11 20:58:43
Summary
DirecTV is laying off hundreds of employees, roughly 10% of its upper ranks, as the company looks to reduce costs due to the increasing rate of cord cutting. The job cuts will mostly be at the manager level and the affected employees' last day will be January 20th. AT&T acquired DirecTV in 2015 and the company has about 13 million customers. DirecTV recently lost the rights to the NFL's "Sunday Ticket" package and the impending layoffs include only a small portion of employees connected with the package.
Sentiment: NEGATIVE
Keywords: dish network corp, media, alphabet class a, business, entertainment, television, business news, at&t inc, jobs,
Source: https://www.cnbc.com/2023/01/11/directv-lays-off-staffers-as-cord-cutting-accelerates-.html