Republic Wireless recently laid off what could be a significant portion of its staff. While the company did not disclose how many employees were let go, sources it was close to 20% of their workforce. The layoffs were announced at the end of May.
Chris Chuang, Republic Wireless’s CEO and co-founder said that the layoffs were part of an effort “to better align our organization and resources with our growth mission.” He continued
“It is never an easy decision to say goodbye to talented colleagues whom we care about, but these changes enable us to continue to pursue our mission on a profitable foundation.” Republic Wireless is said to be ” working closely with affected team members to ensure they have the best transition possible.”
In addition to the layoffs, Wave7 Research noted in a report recently sent out to subscribers that Republic Wireless has also reduced the size of its office space. An article in the Triangle Business Journal said that an SEC filing it was disclosed that the amount of office spaced leased from Bandwidth by Republic Wireless was reduced from 40,567 square feet to 17,071 square feet.
Republic Wireless spokeswoman Sarah Segal downplayed the company’s office space downsizing. The MVNO has additional space at North Carolina State University in Raleigh. Segal said that the company took “additional space” at the campus on the fifth floor last year “and have been in the process of moving teams up there,” implying that the space reduction is not as dramatic as it appears on the surface.
In a prepared statement Republic Wireless said ” In an effort to better align our organization and resources with our growth mission, we had to make the tough decision to reorganize our teams and eliminate some existing roles. It is never an easy decision to say goodbye to talented colleagues whom we care about, but, these changes enable us to continue to pursue our mission on a profitable foundation with annual revenues approaching $100 million.”
A statement made by Republic Wireless read:
“We remain committed to growing both our Republic Wireless business and our new Relay product, a smarter and safer phone for kids, which recently became available in over a thousand Target stores around the country.”
Read the entire article here.
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