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. The cuts are in addition to workforce reductions the company put in place earlier this year. Sprint's headcount is now fewer than 33,000. It ended 2013 with 38,000 employees. Job cuts impacting the company's Kansas City operations number more than 900 as Sprint seeks to reduce costs and increase efficiency. The company said more cuts are on the way, but most of them should be acted upon by the end of the month. Sprint appointed a new CEO, Marcelo Claure, in August. Claure has stepped up efforts to streamline the company's operations.
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.
SoftBank to Trim Thousands of Jobs at Sprint
Masayoshi Son, CEO of SoftBank, said the company plans to eliminate thousands of jobs at Sprint in order to reduce costs and aid in the company's turn-around plans. Son made the comments while discussing SoftBank's financial performance, which was impacted negatively by Sprint.
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 Says It Will Bring Back or Create 5,000 US Jobs
Sprint this week committed to creating 5,000 new jobs in the U.S. Some of the positions will be new, and some will be brought back from locations abroad.
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.
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