Video programming distributor DirecTV to layoff hundreds of workers

The employees were notified last week of the layoffs, which will take effect on January 20, according to the report

Layoff
<a href="http://www.shutterstock.com/pic-132310394.html" target="_blank">Image</a> via Shutterstock
IANS San Francisco
2 min read Last Updated : Jan 12 2023 | 2:11 PM IST

DirecTV, a multichannel video programming distributor based in the US, will reportedly lay off hundreds of workers in a staff reduction spurred by cord-cutting.

The majority of the layoffs will affect the company's managers, who account for slightly less than half of the workforce, reports Deadline, citing sources.

About 10 per cent of all managers will be affected, out of a total workforce in the range of 10,000.

The employees were notified last week of the layoffs, which will take effect on January 20, according to the report.

"The entire pay-TV industry is impacted by the secular decline and the increasing rates to secure and distribute programming," a company spokesperson was quoted as saying.

"We're adjusting our operations costs to align with these changes and will continue to invest in new entertainment products and service enhancements," it added.

Meanwhile, US-based software company Scale AI, which uses software and people to label image, text, voice and video data for companies building machine learning algorithms, also laid off 20 per cent of its workforce.

"I have made the difficult decision to reduce the size of our team by 20 per cent, which means saying goodbye to many talented Scaliens," wrote founder and CEO Alexandr Wang in a blogpost.

--IANS

shs/shb/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :layoffUnited Statesvideo streaming

First Published: Jan 12 2023 | 2:11 PM IST

Next Story