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Sprint Plans to Cut 2,500 Jobs |
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Sprint Plans to Cut 2,500 Jobs
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By Allen Tsai | Tue Nov 10, 2009 4:04 am |
Sprint, the third-largest U.S. carrier, said it plans to cut up to 2,500 jobs, or 6 percent of its work force, as part of an effort to slash annual expenses by at least $350 million.
The Overland Park, Kan.-based company, which currently employs about 42,000 people, is struggling to regain profitability and subscriber growth.Last month, Sprint reported a third-quarter loss of $478 million and a drop of 545,000 net subscribers -- most to rivals AT&T and Verizon. The latest layoffs are mostly positions in wholesale operations, with 60 percent of the cost savings from cutting contractors and outside labor. In January, Sprint eliminated 8,000 jobs.
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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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More Phones: Sprint |
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