Google Fiber To Cut Staff In Half After User Totals Disappoint, Says Report

An anonymous reader quotes a report from DSLReports: Sources claim that Google Fiber has been disappointed with the company's overall number of total subscribers since launching five years ago. A paywalled report over at The Information cites a variety of anonymous current and former Google employees, who say the estimated 200,000 or so broadband subscribers the company had managed to sign up by the end of 2014 was a fary cry from the company's original projection of somewhere closer to 5 million. Google Fiber has never revealed its total number of subscribers. A report last October pegged the company's total broadband subscribers at somewhere around 120,000, though it's unclear how many of those users had signed up for Google Fiber's symmetrical 5 Mbps tier, which was originally free after users paid a $300 installation fee. Disappointed by sluggish subscriber tallies, The Information report states that last month Alphabet CEO Larry Page ordered Google Fiber boss Craig Barratt to cut the total Google Fiber staff in half to roughly 500 people. That's a claim that's sure to only fuel continued speculation that the company is starting to get cold feet about its attempts to bring broadband competition to a broken duopoly market. Read more of this story at Slashdot.
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