Latest update concerning the status of Purple and its debt.
Main Points:
Main Points:
- Purple Communications, a provider of telecommunications relayservices, acknowledged its debt to the Federal Communications Commission (FCC)
- Owes $18,459,064
- FCC will continue reimbursing Purple for legitimate relayservices provided by Purple month by month.
- Purple has 180 days to come up with a plan to pay back their debt to the FCC in a timely manner.
- No further penalties
- 1,100 Deaf jobs are secured.
"Purple has 180 days to come up with a plan to pay back their debt to the FCC in a timely manner."
ReplyDeleteI been wondering how or what plan that Purple end up with?? Deafnet
And what will they do about the $40 million they owe to the SEC?
ReplyDeleteI have a feeling that Purple will cutting the workforce.
ReplyDeleteHow many are regular employees. Not these installers or marketing types.
ReplyDeleteThe jobs aren't saved. They're just in limbo. Purple claimed making these repayments would make the company insolvent. They have 180 days to figure out a solution to the problem they caused themselves. IF they do, the jobs will be saved.
ReplyDeleteMajority of those 1100 employees are NOT DEAF but best of the certified interpreters around! Many of the deaf contractors has quit due to change in how they pay them really sad!!
ReplyDeletePurple is going to cut employees next week.
ReplyDeleteWhat $40 million to SEC and what is SEC?
ReplyDeleteWhen I look back at this blog, I think it's ironic. Sure, 1100 jobs were saved but technically two-three months later, all outreach workers got laid off due to $$$ and hiring only 13 reps (one each for one major city).
ReplyDeleteIts more of 200-500 jobs saved, technically.