WorldxChange downsizes for refocus

WorldxChange Communications retrenched 30 staff from its local office on Monday, in what Chris Bantoft, acting CEO, has called a "rebalancing exercise".

According to Bantoft, the retrenchments were limited to WorldxChange's Australian operations.

In order to address the rapidly changing market, WorldxChange has reorganised and "right sized", Bantaft told Computerworld.

He said the retrenchments do not represent a complete downsizing of the company, which is employing more than 10 new staff, and in some cases a decision had to be made whether to employ three junior-level people or one experienced heavy hitter.

Rather than focusing on a direct sales model, Bantoft said, the organisation is focusing more on the indirect channel and investing more in areas such as network cost and planning and management. He also said the company is continuing to actively pursue a replacement for departed CEO Richard Vincent, who was promoted to executive vice president, sales and marketing for WorldxChange USA in May.

Candidates for the position have been identified, Bantoft said, and he would like to have a clearer idea about the replacement by the end of June.

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