News

Planned layoffs at Ting Internet will reduce the company’s paid staff by over 40 percent.

By: Brad Randall, Broadband Communities

Ting Internet, an internet service provider (ISP), is being targeted for layoffs by their founding company, Tucows, which has announced plans to slash the company’s workforce by 42 percent.

The announcement, made last Thursday, is part of a Tucows effort to “move towards Ting becoming self-sufficient,” the Oct. 31 release from Tucows stated.

Tucows is a publicly traded technology company based in Toronto. Included in the announcement were plans to additionally cut the workforce of Tucows by 17 percent.

Elliot Noss, the president and CEO of Tucows, said the decision to make cuts was difficult.

“These are hardworking people who have made significant contributions to the company, and their dedication will be remembered,” Noss said. “We do not take these measures lightly, and this decision was made with the deepest consideration for the future of the Ting business and its continued sustainability.”

Noss said the cuts will put Ting on a path to growing their earnings before interest, taxes, depreciation, and amortization.

“We undertook the capital efficiency plan after exploring all other options to finance Ting’s continued expansion,” Noss said.

Noss said the goal is to turn Ting into a cash-generating venture that can self-sustain growth.

“With a more efficient cost structure and capital from our recent asset-backed securitization, we are focused on increasing penetration within our own footprints and within large partner markets like Memphis and Colorado Springs,” Noss said.

Ting, which launched their fiber-to-the-home business in 2024, was active in sixteen markets as of 2023.

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