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October 4, 2001 -- (WEB HOST INDUSTRY REVIEW) -- XO Communications, Inc. (xo.com), said that it remains intent
on achieving EBITDA positive status in the first half of 2002 and will trim
expenses by reducing its workforce by approximately 600 employees
representing about eight percent of the total XO employee base.
Additionally, XO reiterated that it would meet previously announced
estimates for the company's third quarter 2001 revenue and EBITDA.
The workforce reduction will occur primarily in staff support areas and will
not have a significant impact on XO's sales or customer care organizations
or on its front-line provisioning positions responsible for installing new
customers or services on the XO network.
"We are determined to position XO to survive the current challenges in
today's economy. We deeply regret taking this action given the impact on
some of our employees, but we are convinced it can be accomplished without
affecting our ability to win customers and meet their telecommunications
needs, " said XO chairman and CEO Dan Akerson. "Over the past eighteen
months, XO has been transitioning from a network construction posture to an
operational organization that is running an integrated national/local
network. The reductions reflect this transition and are expected to put the
company more in line with mature operational productivity metrics."
Several of the targeted areas impacted within XO include its new market
construction team that no longer requires the same staffing levels resources
due to the completion of substantial portions of the XOs network. Other
reductions include portions of the company's IT organization which has
recently completed the development of a number of business systems within
XO.
XO will provide financial details associated with the reduction and its
financial operations for the third quarter on its quarterly results
conference call in late Oct.
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May 2009 - The Blueprint for a Small Web Host
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