Dish cuts jobs, re-evaluates business in coronavirus fallout
A senior Treasury official tells FOX Business’ Edward Lawrence the IRS is ahead of schedule on getting direct coronavirus relief payments to Americans.
Dish Network Corp 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.
“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.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
“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 company had 16,000 employees as of December 31.
Dish has struggled to retain pay-TV subscribers as it repositions itself as a wireless phone carrier, as customers are shifting to online streaming services including those from Netflix Inc and Walt Disney Co.
CLICK HERE TO READ MORE ON FOX BUSINESS
The latest move from Dish, which had not disclosed any coronavirus impact till date, indicates the challenges ahead for the company as it vies for a share in the 5G race.