Last week we talked about how Aereo may end up coming back to life if the FCC passes a new proposal. Well, as you're probably aware, the story of Aereo is a long, winding rollercoaster so every piece of good news and hope has to be balanced out with something bad. This week I present you the bad side. Aereo has laid off almost 50 employees and will be shutting down its office in Boston as a measure to save the company from bleeding all of its money.
Currently licking its wounds from the Supreme Court sniper shot, Aereo hasn't made any money in a few months. Because of that, as you could expect, things are getting a little rocky. In a letter sent to its employees, Aereo CEO Chet Kanojia explains the decision.
In accordance with the Federal Worker Adjustment and Retraining Notification Act (the "WARN Act"), this notice is to advise you that on November 12, 2014, Aereo, Inc. ("Aereo") will be permanently shutting down its operations.
The letter goes on to explain the options the employees have and some of the circumstances that led up to this move, which we all know. According to the letter there will be a small crew remaining at the office for some time, probably to break everything down and transition some equipment to Aereo's office in New York. And speaking on New York, there is also talk going around that the New York office will suffer similar consequences. Aereo has confirmed this but has not given details on it.
The letter did also mention that employees will be given a "modest severance package" which should help during this upcoming time for them. Considering the announcement but sudden, albeit expected, we hope that these employees can find new places to work. It shouldn't be a hard task, as these brave souls stared the Supreme Court and broadcasters right in the face and dared them to fight. Granted they lost, but that's only for now; the FCC proposal could turn all of that around soon.