Virgin Mobile USA cuts jobs by 10%
By Will Park on Tuesday, November 18th, 2008 at 1:06 PM PST In Announcements, Financial/Corporate News, Virgin Mobile
Following on the company’s announcement of a successful Q3 2008, Virgin Mobile USA (NYSE: VM) has cut some 10% of their workforce. Virgin Mobile USA doled out walking papers to 45 employees from their New Jersey and California offices, citing a “duplication of assignments.”
It was only a matter of time before Virgina Mobile USA made good on plans to cut some of the fat associated with their acquisition of Helio earlier this year. With Helio and Virgin Mobile USA staff vying for essentially the same jobs, it would stand to reason that newly acquired Helio’s employees would be the first to get cut.
As we head into an unknown holiday shopping season, it’s possible that further job cuts are in store for Virgin Mobile USA.
[Via: MobileCrunch]
