By Allen Tsai | Mon Jan 26, 2009 5:59 am |
Sprint, the No. 3 U.S. mobile service provider, said it is eliminating up to 8,000 jobs, or about 14 percent of its workforce, under a plan to cut annual costs by $1.2 billion.
The Overland Park, Kan.-based company said it will complete the layoffs by March 31. About 850 of the reductions are voluntary.Sprint will take a charge of more than $300 million in the first quarter for severance and related costs associated with the reduction. In addition, it said it would suspend its 401(k) match for the year, extending a freeze on salary increases and is suspending a tuition reimbursement program. Sprint's plan, which it hopes will shrink costs by about $1.2 billion a year, comes about one month after rival AT&T said it would eliminate 12,000 jobs, or about 4 percent of its staff. Sprint is still deciding where the job cuts will come from but said it will likely avoid significant reductions in its customer service and network quality divisions, where it has focused on improvement in recent years. "We continue to improve the customer experience and these improvements are reflected in much higher levels of satisfaction in customer surveys and in independent performance tests," said Sprint CEO Dan Hesse. "Our commitment to quality will not change." The company will review its internal operations to see if there are functions it would consider outsourcing in the future.
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Wed Feb 08, 2012 12:31 pm | By
Sprint gained customers last quarter but lost money from subsidizing iPhone sales, as its expensive gamble fell short of expectations.
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Thu Jan 19, 2012 11:09 am | By
LightSquared accused GPS makers and the government of rigging tests showing its network interferes with GPS signals, as the company's attempts to extend its service nationwide remain on hold.
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Wed Jan 18, 2012 1:32 pm | By
HTC and Sprint are working together to remove Carrier IQ from their mobile devices, a decision sparked by the software's ability to gather user information.
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Tue Jan 10, 2012 10:58 am | By
Sprint announced its first three LTE devices, including its own version of the Samsung Galaxy Nexus, as the company works to expand its LTE network capabilities.
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Fri Jan 06, 2012 3:55 pm | By
Sprint is throttling its heaviest data users, putting a damper on the carrier's claims of truly unlimited data.
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