Alphabet’s Access is seeing a high turnover in human resources: Jain’s appointment as CEO is the third in less than two years. The unit has also laid employees since 2016.
On Wednesday, Alphabet Inc named Dinesh Jain, a former chief operating officer of Time Warner Cable, as the chief executive officer of its internet service company.
Significantly, this is the third CEO of its unit in less than two years.
In a blog post, Alphabet stated Jain, who left Time Warner Cable in 2016, after its merger with Charter Communications Inc, started his new role at Access, its internet service unit, on Tuesday.
His appointment in Access comes after a year of curtailed investment.
Alphabet’s Access provides high-speed internet service under the Google Fiber and Webpass brand names. This service expanded to 20 U.S. markets in 2017 following successful launches in 5 metro areas, including Seattle, San Antonio and Texas.
Currently, Access is not pursuing additional expansion.
In 2017, Access scaled back its efforts to install new underground wiring and saw a 63% decline in capital expenditures, to $507 million.
As per a source familiar with the matter at hand, Access withdrew from Boston last week since Webpass missed its goals. As part of that move, Webpass laid off a handful of people.
The source preferred the cover of anonymity since he/she was not authorized to speak publicly about the matter.
Access had laid off employees in 2016 and in 2017.
Jain plans on listening and learning from his staff before detailing his vision for Access.
Incidentally, Access does not disclose subscriber numbers, but stated interest remains “very strong.”
Subscription for a fiber optic connection starts at around $70 per month for a 1,000 mbps connection.