Teligent lays off 38% of staff
Fixed-wireless broadband communications provider Teligent laid off about 900 of its 2357 employees today. The 38% reduction is part of an overall effort to strengthen the business for the future, a Teligent spokeswoman said.
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The Virginia-based company will re-evaluate all its markets throughout the United States and make changes regarding the provisioning of certain services, the Teligent spokeswoman said.
“It’s part of a broader effort to bring the company to the point where we have a strong business going forward,” she said.
The layoffs are the third announced by the company during the past six months.
New Jersey-based IDT, a facilities-based telecom carrier, purchased a 37% stake in Teligent last month. An IDT spokeswoman declined to comment on the Teligent layoffs.
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