MVNO Helio, which is targeting the young and savvy segment of the market with high-speed data services, confirmed reports that it cut 100 jobs in an effort to streamline operations and refocus its sales team on direct sales, according to a report from GigaOM. Helio has 700 employees before the cuts. Most of the cuts will come from sales teams and Helio's headquarters will reportedly remain largely intact.
According to Helio's spokesman Rick Heineman, the MVNO also plans on increasing its kiosks from 30 to 50. Heineman said the company had its best month in July and is still on track to do $100 million in revenues.
For more on Helio's cuts and future plans:
- read this article from GigaOM