Dish Network has cut more than 500 jobs in Colorado.

The announcement comes off the back of disappointing Q3 figures, where revenue slumped by 9.8 percent, and the company lost 225,000 retail wireless subscribers during the third quarter.

Job cuts
– Getty Images

“Like most businesses, we continually evaluate and make adjustments to ensure we’re set up for long-term success,” said a statement from the Englewood-based company, as reported by The

“We made the difficult decision to part ways with some team members due to changing business demands on some teams. Impacted employees will be notified by the end of the week.”

Dish didn't specify the exact number of jobs, but various media outlets have said "more than 500 jobs." The firm employs around 14,000 people.

Notices about the layoffs were filed with the Colorado Department of Labor and mayoral offices in Englewood and Littleton, Colorado, as it's required to do.

The company has invested heavily in its 5G rollout this year, extending its coverage to more than 70 percent of the US population.

However, this has been costly for Dish, which missed a deadline to acquire T-Mobile's 800MHz spectrum earlier this year.

Dish was due to purchase the spectrum by August 2023, but requested a 10-month extension (from August 31) to exercise its option to buy the spectrum, citing it needs more time to raise the funds.

An agreement was made last month that will see Dish pay a $100 million extension fee to the US carrier.

Dish also confirmed the departure of its CEO Erik Carlson last week, ahead of its proposed merger with EchoStar, both owned by billionaire Charles Ergen.

EchoStar CEO Hamid Akhavan is expected to lead the combined company upon the completion of the deal, which is anticipated by the close of 2023.

EchoStar was spun out from Dish back in 2008, as Dish held onto the TV business while shedding the satellite infrastructure that beamed content into them.