FILE PHOTO: A Dish Network satellite dish is shown on a residential home in Encinitas, California, U.S., November 8, 2017. REUTERS/Mike Blake
(Reuters) – Dish Network Corp (DISH.O) 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.
The…
Source Reuters Tech News
Source link
