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 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.
Sprint to Relocate Cell Sites In Bid to Cut Costs
Sprint hopes moving its radio infrastructure away from privately held companies to government-owned land and/or structures will help shave $1 billion in costs, reports Re/code. Sprint leases cell tower access from Crown Castle and American Tower, and lease rates are a significant part of it operational costs.
Sprint Outlines Layoff Plans
Sprint said it will put cost-cutting measures, including layoffs, in place before the end of January. Sprint CEO Marcelo Claure explained that he wants to be sure to give employees a much severance as possible, even though the company plans to halve the amount given to ex-employees.
Ticking time bomb....
They are dropping workers just like they drop calls