Ting Internet Makes Deep Staff Cuts
Firm trying to generate net income, positive EBITDA.
WASHINGTON, Nov. 3, 2024 – Ting Internet, a fiber Internet Service Provider available in several U.S. communities, announced deep staff cuts last week in an effort to shore up the company's finances.
Elliot Noss, CEO of Ting parent Tucows in Toronto, said the decision Thursday will affect 42% of Ting's workforce and 17% of Tucows’ total workforce. In 2023, Ting had about 1,400 workers.
“This decision was a difficult one and I want to acknowledge the impact it will have on the employees who are leaving,” Noss said in a statement Thursday announcing a new "capital efficiency plan."
