NII Holdings Inc. is reducing 20 percent of its workforce at its Reston-headquarters in order to eliminate costs. According to a company press release, some of the affected jobs will be reassigned to Latin America while other workers will be cut.
“These actions will provide us with the right structure to capture the growth, scale, and accountability required to succeed in our markets and achieve our long-term growth objectives,“ Steve Dussek, the company’s CEO, said in a statement.
According to an interview the Washington Business Journal conducted with company spokesman Claudia Restrepo, the cuts would affect 63 employees.
NII expects to incur one-time costs in the fourth quarter of approximately $8 million related to the headcount reduction at its headquarters.
NII Holdings Inc. sells mobile applications to businesses in Latin America and has about 316 employees at the Reston-office.
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