Holiday Gift Guide »

Helio lays off 100 employees amidst strongest performance yet

By: , IntoMobile
Saturday, September 1st, 2007 at 11:40 AM

Helio MVNO lays off 100 people employeesIt’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]

About The Author

Will Park

Will hails from The City of Angels - Los Angeles, California. He spends his time playing with his numerous gadgets and looking forward to seeing what future holds for mobile technology. An avid promoter of a fully "digital" life, he promotes the widespread adoption of truly mobile, paper-less living. He dreams of the day when he can go completely digital. No more snail mail, paper receipts, bound books, notepads/spiral notebooks, credit cards, hard currency. He's a digital warrior - fighting for the converged life. He is an idealist and a realist - he has a perfect view of what the world should be but knows that the world is not perfect. Can we ever hope to see Will's dream become reality? We'll see...

  • Anna

    Who writes these articles? Might be a good idea to proof read before publishing….