The local technology company will layoff about 800 people across different departments and locations
Viasat is cutting its global workforce by 10 percent in an effort to streamline operations following its $6.1 billion acquisition of Inmarsat, the company announced Thursday. While layoffs have beleaguered the tech industry lately — Qualcomm recently laid off 1,064 people in San Diego and Google just cut jobs in San Francisco — Viasat's announcement is part of its focused strategy to get lean and invest more in its space business.
He added that the announced reductions “are consistent with our goals to focus our spending toward our biggest growth opportunities and position Viasat for long-term success, while expanding margins and profitability.' This move also tracks with Viasat’s continued efforts to offload debt and maintain free cash flow as it charges ahead investing more in space and ground technologies for Internet connectivity.
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