The Houston-based digital technology solutions provider is looking to make annualised savings of $3.5 million from personnel, facility and other reductions as it creates a more flat company structure.
The move will see around 12% of the workforce chopped, resulting in a third-quarter restructuring charge of $4.5 million.
RigNet said the changes are designed to create “a single global managed services sales organisation” as it looks to move into new vertical markets.
“The
