- 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.