Sprint Trimming Work Force By 8,000
Today Sprint announced that it is taking drastic cost-cutting measures in an effort to save money. Part of the cost cutting comes in the form of staff reductions. Sprint will layoff 8,000 employees by March 31, with about 10% of that figure coming through the voluntary separation plan announced in late 2008. Sprint said the layoffs will hit every level of its business. Other cost-cutting measures include a freeze in salary increases, a freeze in 401(k) matching, and a freeze in its tuition reimbursement program. Sprint has lost millions of customers over the last year. It will announce its fourth quarter results February 19.
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.
HTC to Trim Workforce by 15%
HTC announced that it will take several cost-cutting measures, including the elimination of jobs. HTC plans to cut about 2,250 employees, or 15% of its headcount by the end of the year, in order save money.
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 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.
Although it sucks for those employee's, it's necessary in today's economy, and to maintain cheaper rates than both AT&T and Verizon. ...
Sprint isn't that bad
I've also got Verizon and T-Mobile Accounts (long story relating to work) and find Sprint a better deal financially than Verizon's plans, and just better than T-Mobile.
Sprint's customer service is responsive, prices fair, features great.
Maybe I am missing something here - a ghost from the past perhaps.
Sprint is going down! Yay
Yeah, you already spread your "bri...
As a subscriber of Sprint...
Good luck to all of you. Thanks for the best service and uncompromised treatment that can be delivered in the wireless industry!
half happy and half sad....
And they want the government to give them what?
USA needs as many carriers as possible to keep competition high and prices low.
So to all of you haters that are high fives with eachother when...
I laughed though
I laughed at the part about them doing well with customers. If they are doing so well why are they bleeding customers like a trauma victim. I have one expired contract now and a second that lapses in March the iPhone
Easy solution around this
It would be a no brainer to drop those jobs first and keep the American workers.
But then that would make sense, hense why it will not happen.
i do feel bad