Connect with us

Hi, what are you looking for?


DirecTV Laying Off Hundreds of Employees

DirecTV is set to lay off hundreds of employees, around 10% of the upper ranks of their management staff, as the company aims to reduce costs as cord cutting continues to accelerate, according to CNBC.

“The entire pay-TV industry is impacted by the secular decline and the increasing rates to secure and distribute programming,” a DirecTV spokesperson said in an official statement. “We’re adjusting our operations costs to align with these changes and will continue to invest in new entertainment products and service enhancements.”

Most of the layoffs will come at the manager level, which make up half  of DirecTV’s fewer than 10,000 employees, with the affected employees’ last day projected to be on January 20th.

It comes as the company struggles to stay afloat as DirecTV reportedly lost around 500,000 customers in its most recent quarter, according to ratings agency Fitch, but despite that the company recently accelerated to nearly 17%, according to MoffettNathanson.

DirecTV recently lost the NFL ‘Sunday Ticket’, which had been the center of it’s offerings for years, but  only a small portion of employees connected with the NFL programming package.

You May Also Like


A new patch for Assassin’s Creed Odyssey has arrived and with it comes the transmog, and increased level cap, and a new Mercenary Benefits...


A new patch for No Man’s Sky has arrived and update 1.55 is officially rolled out for the PC, PlayStation 4 and Xbox One, addressing...


When Destiny 2: Forsaken officially drops on September 4th on PC, PS4, and Xbox One, a lot of changes are going to be implemented, some...


PlayerUnknown’s Battlegrounds is set to arrive on Playstation 4 in December after it appeared in the Playstation 4 store database, discovered by a member...