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home / news releases / starry group announces 24 job cuts

STRY - Starry Group announces 24% job cuts

Starry Group Holdings Inc. Class A
  • Starry Group ( OTCPK:STRY ) is the latest technology company to announce job cuts, disclosing on Wednesday that it will slash around 100 jobs , or 24% of its total workforce.
  • The broadband service provider expects to incur one-time cash charges of ~$0.8M in connection with job cuts, which will take effect on January 23, 2023.
  • It estimates the job cuts will lead to $12M in cash operating expense savings over the next 12 months.

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Starry Group announces 24% job cuts
Stock Information
Company Name: Starry Group Holdings Inc. Class A
Stock Symbol: STRY
Market: NYSE
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