Domain Name Wire Tucows lays off 17% of staff

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Layoffs impact fiber business and corporate overhead. Tucows (NASDAQ:TCX) announced today that it laid off 17% of its employees as part of a capital efficiency plan. The move primarily impacts its Ting business, which provides fiber-to-the-home broadband services. 42% of Ting’s workforce was cut. There were also layoffs at the corporate level. The release does […]

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[HelmutsHelmuts is verified member.]

Interesting news! It could be beneficial for the industry if Tucows starts refocusing on the domain name sector. We might then see aggressive moves to re-establish this industry giant's position! My hosting company also resells their domains through OpenSRS.

Competition is always good - especially when the competing companies have the resources to invest in further market dominance.

.. interesting times!