I've heard from people working in finance that Charlie has started looking at 2025 and 2026 financial numbers. Many of them have gotten direction to reduce costs where possible.
LFF people are moving to EXM/EXP to reduce rent costs.
Most of the other costs are the people.
Anybody heard anything from any senior execs about future turbulence? Do any of the teams even have people to shed? Aren't we lean enough as we are?
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400 Hughes employees were laid off today, leaving a skeleton squad of favorites (we all know who they are) who *miraculously survived to keep it afloat until they go completely under in the next 90 days.
Hughes Echostar laid off a number of employees today at the Meridian, Colorado location. I spoke with Dave Dunning this morning as he handed my boss, then me or walking papers. They mentioned the WARN Act, so I expect more will follow.
Layoffs already happening as I’m typing this. Some received emails and have left already. Additional emails will go out next week. Many will be affected.
If Hughes files for bankruptcy, ROF is inevitable and the criteria is devoid of the value of the employee, nor the tenure, nor the importance of position. If the bankruptcy court says reduce your payroll by 12%, then Hughes simply does. What’s the easiest way to choose? Teamworks. Shoot-point-aim which has been what they’ve been doing.
If Hughes pays up the $1.5B somehow, there will still be ROF. If the pay off happens due to sale, the ROF may be a bit more targeted. If no sale, I don’t know how Hughes would come up with the money
@d6 What else have you heard? Like which departments and roles are affected most?
I heard, yes, a massive layoff is coming. I’m sure it’s just gossip. In context, the person I got it from had been correct 5 out of 5 times since 2024. Praying it’s just unfounded gossip.
Charlie was also onsite scoping out EXM and EXP. Additionally, there have been ongoing efforts to track and take stock of networking assets in the buildings.
They used Teamworks to force attrition and justify cuts to the workforce. They'll continue to use it to monitor workers with increased scrutiny (as was confirmed by recent meetings with upper management). The goal is to lean Hughes out and prepare it for sale before the end of the year.
Are more layoffs coming? Undoubtedly. And what metrics will they use? Teamworks as a base, peppered with bits of "do I like this person?" At this point, real productivity isn't even being factored in.
i know few senior and mid-level emp in Echostar (boost mobile etc )..sadist bunch..i think its their upbringing in that culture :D ...not feeling sad at all.
Yes I heard rumors too, though unfounded. Some of the past rumors came true, some did not.
The problems are, yes, we are lean enough. From what I know, many teams, including mine and the immediate ones, no matter in business or engineering, are all extremely busy and short of stuff due to many people left and the 3 rounds of layoffs last year.
Continuing to reduce workforce is basically ki-ling the company in a faster pace. Now by average 1 person is doing 2 persons' work. The leadership is daydreaming that everyone can do 3 person's work while in the same time be happy with the low pay and stupid policies (teamwork etc) and all the turbulences and continue to be loyal to the company.