Sprint to Lay Off Unknown Number of Workers
Sprint is prepared to lay off an unknown number of employees, according to filings the company made with the Securities and Exchange Commission. The cuts are part of a restructuring plan that the company announced today. Sprint employs about 39,000 people around the U.S. The Associated Press suggests the cuts might be significant based on the size of the charges Sprint expects to take on the workforce reduction. Sprint said it is still reviewing how many employees it will cut, but expects the reductions to be complete by June. More information should become available when Sprint announces earnings February 11.
Sprint to Slice Unknown Number of Jobs
Sprint today said it plans to cut an unspecified number of jobs over the course of the next month. The cuts will include management-level and non-management jobs across the company's business units.
Sprint Trims 452 Jobs at Headquarters
Sprint recently disclosed another round of job cuts, this time impacting its Kansas City headquarters. The company said it reduced its headcount by 452 people, mostly in the IT and administration aspect of the company.
Sprint to Digest $150 Million Charge On Layoff Costs
Sprint will be forced to take a $150 million charge to cover costs associated with laying off staff, according to a filing with the SEC. Sprint announced plans to cut an undisclosed number of staffers earlier this year.
Sprint Cuts 2,500 Jobs to Reign In Expenses
Sprint has trimmed some 2,500 employees at various job sites, said the company. The cuts were primarily made at its Kansas headquarters and six customer care centers.
Sprint to Cut Headcount and $2.5 Billion in Costs
Sprint is prepared to reduce expenses by as much as $2.5 billion over the next year, reports the Wall Street Journal, and is likely to cut jobs to help it reach that goal. An internal memo sent to staff by CFO Tarek Robbiati obtained by the Journal said the cuts "inevitably will result in job reductions." Sprint had about 31,000 employees as of March.
Ticking time bomb....
They are dropping workers just like they drop calls