Aereo Slashes Headcount, Closes Offices
Posted in: Uncategorized
The future of Aereo continues to look grim, as the company significantly reduced its headcount and will close its office spaces in Boston and New York.
“In an effort to reduce costs, we made the difficult decision to lay off some of our staff in Boston and New York. We are continuing to conserve resources while we chart our path forward. We are grateful to our employees for their loyalty, hard work and dedication,” said Virginia Lam, senior VP – communication and government relations, Aereo. “This was a difficult, but necessary step in order to preserve the company.”
The layoffs are expected to impact about 60 employees, according to a person familiar with the matter. Aereo will continue to operate with an executive team of about a dozen people, down from about 115 employees across the company at its peak.
Post a Comment