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Boston Internet firm Starry cuts 100 more jobs - The Boston Globe

Posted on AllSides January 18th, 2023
From The Left

Struggling Boston Internet-service company Starry is cutting 100 workers, or about one-quarter of its remaining workforce. It’s the latest local tech firm to announce layoffs as the industry adjusts to a number of economic challenges. “The decision was based on cost-reduction initiatives intended to reduce operating expenses and allow the company to focus on serving its existing core markets and customers,” Starry said in a securities filing on Wednesday. Last week, the company said an agreement to raise as much as $100 million in a deal with Cantor Fitzgerald’s CF...

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https://bostonglobe.com/2023/01/18/business/boston-internet-firm-starry-cuts-100-more-jobs

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