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 said 574 were let go at its Overland Park facility and it cut some jobs at a Colorado center. The company entirely shuttered call centers in Virginia, New Mexico, Tennessee, and Texas. Sprint representative Michelle Boyd said customers are using the Sprint Zone app in greater numbers to manage their accounts. The move, long in the works, is meant to help the nation's fourth-largest carrier trim costs. Sprint's executives seek to slice $2.5 billion in expenses over the next year, and claim the headcount reduction, among other measures, will allow the company to reach that goal. Sprint recently unveiled a plan to relocate its cell towers in order to save leasing costs.
Sprint to Cut Headcount and $2.5 Billion in Costs
Oct 2, 2015
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.
Motorola's Chicago Office to Lose 500 Jobs
Aug 14, 2015
Motorola has revealed the depth of job cuts being made at its Chicago headquarters and they run quite deep. The firm will eliminate 500 positions, or about 25% of its staff, as its parent firm, Lenovo, restructures amidst weak sales.
AT&T and Verizon Will Work Together On Future Cell Towers
Nov 13, 2017
AT&T and Verizon have tapped Tillman Infrastructure to build hundreds of small cell towers around the country. Tillman already builds, owns, and operates a series of towers and small cells.
Sprint Separates Device Leasing Business to Manage Cash
Nov 20, 2015
Sprint today sold part of its device financing business to a newly formed entity called Mobile Leasing Solutions for $1.2 billion. The new company is being backed by a group of equity investors, including Sprint's parent company, SoftBank.
That's 'Rein in'