Photo by Christian Charisius/picture alliance via Getty Images
In-flight Wi-Fi provider Gogo is laying off 143 people, or about 14 percent of its workforce, as people continue to avoid air travel during the COVID-19 pandemic. The company previously furloughed 600 workers and cut executive pay in April, and said Thursday that it will “continue certain furloughs and maintain the salary reductions that were previously implemented.”
The cuts will come “predominantly from the Company’s Commercial Aviation business,” according to a press release issued Thursday. Gogo applied for CARES Act funding, but it’s unclear if it ever received any assistance.
“Based on our current expectations of the scope and timing of a recovery in the industry and our Commercial Aviation business, reducing our workforce has…
Go to Source
Author: Sean O’Kane