LightSquared to cut staff by 45 percent as troubles grow
ENGADGET | FEBRUARY 21, 2012
Yet another bit of bad news to add to the pile for LightSquared -- the company announced this week that it will be cutting back on its employment numb... read more
> LightSquared to cut staff by 45 percent as troubles grow
> ENGADGET | FEBRUARY 21, 2012
>
>
> Yet another bit of bad news to add to the pile for LightSquared -- the company announced this week that it will be cutting back on its employment numb... read more
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> http://pulse.me/s/6d5UN
I feel for those people who are out of work. It's not their fault that LS is in a nose dive.
Not that sorry to hear it. Those soon-to-be-unfortunate LightSquared employees have been pulling down salaries that many of us folks could only dream of, and working diligently to put plenty of us out of business.
If only they could fire Phil Falcone, enit?
I missed that the day prior to the layoffs they had defaulted on their debt payment. That's a big story, too. They are broke and I guess Falcone is done throwing his hedge fund investor's money at them.
