LightSquared to Release 45% of Its Staff
LightSquared today said that it plans to lay off about 45% of its work force as a cost-cutting measure. In a statement provided to Reuters, LightSquared said, "This and other cost savings measures will allow LightSquared to continue to navigate the regulatory process as it works with the appropriate government agencies to find solutions to the GPS interference issue and bring its $14 billion privately funded wireless broadband network to more than 260 million Americans." LightSquared has about 330 employees at its Reston, Va., headquarters. A source told Reuters that the company is not considering bankruptcy at the moment.
Feb 4, 2021
A forthcoming update to Google Fit will allow the app to measure heart rate and respiratory rate using only a phone's camera. The update will be available next month.
Aug 16, 2019
Motorola has updated the software for its Moto Mod accessory that adds 5G to existing Moto Z-series phones, improving functionality for all phones, and adding compatibility with the Z2 Force for Verizon. The update improves both 5G download speeds, and enables two-way charging between the phone and the Mod when the battery is low in either.
Dec 10, 2018
Verizon Communications today said that about 10,400 employees have accepted a voluntary buyout offer and will leave the company at various stages over the next six months. Verizon says the workforce reduction, which impacts roughly 7% of employees, leaves the company better positioned for growth.
Dec 31, 2018
President Donald Trump is weighing new action against Chinese telecommunications equipment makers Huawei and ZTE, says Reuters. The President might issue an executive order that would bar U.S.
45% of LS work force is ~150 people
That works out to about $43k per person from the Sprint payback.
Is Falcone putting that $65 mil in his back pocket?
Is there doubt that Sprint will make the payment?
This is like watching a slow motion car wreck.