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.)
You’ve hit your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Quarterly Starter
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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