DISH Network is once again cutting jobs as the company moves to reduce operational costs and expenses throughout the business. Echo Star the new parent company of DISH and Sling TV has announced it will lay off 150 more staff. This comes as DISh has been restructuring the company since 2020. In total DISH has laid off around 3,000 employees in recent years. Just last November the company laid off 500 employees and now is laying off an additional 150 now that its merger with EchoStar has been completed.
This is the third major round of layoffs at DISH over the last year as in the summer of 2023, DISH also had a round of layoffs. Now, the latest one sees 150 employees laid off, according to BusinessDen. Most employees laid off this week work in customer service or tech support.
DISH recently announced its 3rd quarter 2023 earnings and reported that DISH and Sling TV lost 64,000 subscribers. Sling TV added 117,000, and DISH lost 181,000 subscribers. In total, DISH now has 8,840,000 pay TV customers between the two brands, down from 8,904,000 during the same period in 2022. Sling TV now has 2.12 million subscribers, and DISH has 6.72 million subscribers. The good news for DISH is that Sling TV turned around recent losses as it returned to growth.
Today DISH announced it has completed its merger with Echostar as it finishes moving ownership of its different companies and assets to the newly merged company.
This all comes as DISH has been building out its wireless network to increase coverage of its new 5G wireless network, which has proven costly. The company has also been considering merging with DIRECTV for years, though its financial state has been holding up any potential agreement. Now it finally has completed a deal that will see it merged with Echostar.