It’s all about working smarter, not harder (or more expensively). Instead of banking on their recent success and going on a spending spree, Earthlink and SK Telecom-backed Helio is actually letting off 100 of it’s 700 employee-strong workforce – mostly in sales. The move comes amidst the strongest sales figures yet for the burgeoning MVNO and is attributed to cutting back on the sales force that was needed during Helio’s initial launch period.
With an expected $100 million in revenue, the company isn’t hurting too badly – neither is it a huge success. But, it seems like a prudent decision to scale back on operating costs as sales start to pick up – the “spend less as you make more” type of mentality. Sounds good to us. Amp’d would have done well to take a page from Helio’s MVNO playbook.
[Via: GigaOM]