Leap engages in job cuts and closes stores (USA)
www.WirelessFederation.com/news: 180 jobs have been cut and 27 company stores nationwide have been shuttered by Leap Wireless which has described its restructuring as its changing priorities for the year. 90 of the jobs cut were field positions while 90 were corporate positions.
After the move, the number of employees in the company is 4200 and the number of company-owned stores is 42. The review of the stores was taken up by the company in February and the decision to close the stores was taken in early March. The closing is described as a part of normal repositioning that goes on in any retail business.
Recently, a joint venture has been announced by the company with regional, flat-rate wireless provider Pocket Communications to boost Leap’s position in south Texas, where Pocket has a significant presence.
Major Banks have been hired and special committee of its board has been formed to consider various strategic options, including selling the company or merging with another carrier. During its fourth-quarter earnings announcement, the plan of the company to launch a BlackBerry device from Research In Motion as well as a smartphone running Google’s Android platform was also disclosed.