OtherUS

Starry Layoffs

January 2023

Starry announced a layoff affecting 100 employees (24% of its workforce) in January 2023. The company operates in the Other sector.

People Affected

100

Percentage

24%

Announced Date

Jan 18, 2023

About

Starry Group, a broadband service provider in the technology industry, announced significant layoffs on Wednesday, January 18, 2023. The company is cutting approximately 100 positions, which represents about 24% of its total workforce. This move is part of a broader restructuring effort aimed at reducing costs, with Starry expecting to save around $12 million in cash operating expenses over the next year. The job cuts are scheduled to take effect on January 23, 2023, and will involve one-time cash charges of roughly $0.8 million. This decision reflects the ongoing challenges and adjustments within the competitive broadband sector.