Starry Inc. is the latest tech company in the Boston area to lay off workers in an effort to save capital.
The Boston Internet provider startup (NYSE: STRY) said on Thursday it is laying off approximately 50% of its workforce.
Mimi Ryals, a spokesperson for the company, told the Business Journal that the total number of impacted employees is 508. In Massachusetts, 175 workers across three offices were impacted, including fully-remote workers, she added.
Roles that were cut include corporate and administrative, sales, marketing, engineering, manufacturing, and construction.
The company is also implementing a freeze on hiring and non-essential expenditures.
The news comes a week after the company said it was backing out of a federal subsidy program for providing broadband service to areas in eight U.S. states. The company was set to receive $270 million as part of the Rural Digital Opportunity Fund, or RDOF, an initiative seeking to bridge the digital divide.
