Global Positioning System

LightSquared to Cut 45% of Jobs to Trim Costs – Bloomberg

Billionaire Philip Falcone’s LightSquared Inc. wireless venture is cutting 45 percent of its jobs, or about 149 positions, to preserve cash after its plan to start operating was rejected by U.S. regulators. Most of the affected employees are those hired in preparation for its high-speed wireless network expansion, Reston, Virginia-based LightSquared said today. The company … Continue reading →