Domain Name Wire Tucows lays off 17% of staff

[DNW]

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 […]

Post link: Tucows lays off 17% of staff

© DomainNameWire.com 2024. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact editor (at) domainnamewire.com. Latest domain news at DNW.com: Domain Name Wire.

Continue reading...

 

[Helmuts]

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!