Starry Makes More Cuts to Workforce
Fixed-wireless provider Starry Internet is cutting its current workforce by about 100 employees, about 24% of the total, the company said in a Wednesday filing at the SEC. “The decision was based on cost-reduction initiatives intended to reduce operating expenses…
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and allow the Company to focus on serving its existing core markets and customers,” Starry said. It projected a one-time cash charge of about $800,000 “primarily consisting of notice period and severance payments, employee benefits and related costs.” In October, the company cut its workforce by 50% and withdrew from the FCC’s Rural Digital Opportunity Fund program as it said it would refocus on dense urban markets with multi-tenant buildings (see 2210200068).