Telergy layoffs anger founders amid severance questions
Brothers Brian P. Kelly Kevin J. Kelly and William M. Kelly Jr. could not be reached for comment as Telergy lays off 150 of 465 employees amid cash constraints and a postponed IPO plan. Credit lenders and executives decline to discuss potential control changes while WARN scrutiny arises. Telergy, founded in 1995, runs fiber optic networks in the Northeast providing telecom services.
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