Helio lays off 100 employees amidst strongest performance yet
Posted by Will on Saturday, September 1st, 2007 at 11:40 am under Financial, Helio, Announcements
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]
September 4th, 2007 at 2:41 pm
Who writes these articles? Might be a good idea to proof read before publishing….
September 18th, 2007 at 11:35 pm
[…] As a former wireless reporter, I’d like to see Jobs try to do it… I’m sure it would be a humbling experience. The wireless industry is a very tough nut to crack, and many hip players have come and gone. […]