Heard few people got emails at 9.00 and few will be getting at 11.00 ?
Anyone heard the same ?
110 replies (most recent on top)
Don’t just blame Charlie. Hughes Business/sales/executive group at top were most incompetent. After Pradman left , Hamid had warned them to be prepared for starlink and focus on enterprise. These so called senior executives rose through ranks as glorified PMs who had no business acumen or product strategy. The only thing they knew was cutting cost. Their bloated ego blinded them so much that they could not innovate or come up with any strategy and fed the most common excuse through their stooges that Charlie stole the billions and we have no money to do anything. For those who tried hard to propose anything , they landed on deaf ears as these leaders had no technical acumen to visualize the solution, let alone sell. When sales and marketing keeps sitting in office all day long , what sale do you expect to happen. If Hamid had stayed focused on Hughes after creating P&L , he would have definitely fired these elite glorified executives. Charlie is just playing poker which is what he does best: emotionless , fake and deceitful. No wonder Hamid left after putting a big fight ,after getting billions for Charlie and family. Once done he was also swept aside.
Charlie did the best deal for himself all along. Took Hughes cash in billions to spend on 5G and then squandered it; transfered Hughes satellite to Echostar and made Hughes pay millions annually. Then take all Hughes owned spectrum and make billions out of it by selling to ATT but it hurts him hard ad he never likes to pay vendors or his creditors. He even stole the equity Options of employees by firing them before the vesting date so that he gets those shares back in his pocket as if his 8bn ownership in SpaceX wasn’t enuf for his appetite.
The butchery performed today has cut deeper thru families and those holding Visas. Shylock was a character in Shakespeare play, Charlie is embodiment of that character who has extracted more than his pound of flesh.
@b1 Charlie the scammer was hoarding all the spectrum, he has no vision except scamming and looting
@b6 guesstimate by a few people is that 30% was let go. Approximately 450 employees.
Charlie hired a consultant who ran algorithms on people so it’s kind of random but not really. But this time, the guts are so across the board vertically that for sure Hughes is now set to implode and fail.
@b5 if 50% if not correct, what percentage is?
@a1 Not true about 50% of the company
If you haven’t yet, empty your portfolio from Exhostar shares. It is falling because many of us laid off already did it.
@at sorry to disappoint you buddy. But his tens of billions are safe in EchoStar Capital which has nothing to do with the failing stock of EchoStar. He’s laughing all the way to the bank. This is pure evil.
Senior and top executives at Hughes mostly gone. Many of us got the 9AM, the 10AM, the 11AM, the 12AM.
People are told they can leave now (which I did around noon) or stay a few days to help out to transition.
I feel bad for the visa holders because it seems many of them are sticking around for another week to help transition their work which they aren’t required too. But dangling the promise of cooperation on their visa related tasks, they’re being given the false impression that they have to if they want Hughes to cooperate w their visas.
Barebone skeleton crew is left to put out fires when the time comes. A sad day for all
@ar Charlie ergen is about to FAFO, he will make millions less than what he could have. maybe his AI sycophants tell him everything will be fine
@an yes
Paul Gaske apparently pushed out today too. There will be basically no customer support left for the residential customers. Customer service, experience, procurement, inventory, engineering, SDG, enterprise billing, QA, etc all left with only a handful of people. VPs and SVPs basically all gone.
Are people still getting emails for next rounds?
@af correct. Pay and benefits will continue until end of September, but no longer need to report to work.
@a8 no, it was still happening even after I posted that comment.
@ae heard they are keep people on payroll till end of September.
Does that mean that today is the last day, or they have time to transition? Under the warning Act, large firms during bankruptcy have to give 60 day notice for firings unless there are exceptions like unforeseen consequences that force them to do so. The market knew that we were going to the courts
@a7 did they state that explicitly? I haven't gotten an email but many of my teammates did.. wondering if I was missed or if I should expect an email next week
eventually everyone is getting laid off, Charlie has no clue what he wants or where his companies are going.
Heard 50% of management. Why do we think this is happening ?
@a9 which business group?
It looks like only business group is affected? Were any engineering folks affected?
@a7 so done for today??
Vast majority being laid off. Some have already received emails and left, additional emails to go out next week.
anyone got email at 11.00?
Anyone in LFF was affected?
@a3 400 from all of EchoStar?
In other threads it is said 400 people will go? Crazy
It sounds like it. Check some of the other threads. All buildings are affected.
basically everyone is being laid off today