Sprint gearing up to lay off workers

Jan 24, 2014

Wireless carrier Sprint will lay off an undetermined number of its workers as part of a cost-cutting program announced Thursday.

A regulatory filing says the Overland Park, Kan.-based company began drawing up layoff plans last week. A Sprint spokesman says the company's managers are still reviewing how many jobs they will need to cut.

More details could emerge when Sprint Corp. reports its fourth-quarter earnings on Feb. 11.

The purge is expected to be completed by the end of June.

About 39,000 people work at Sprint, the third-largest U.S. wireless carrier.

The cutbacks may be substantial, based on how much Sprint is preparing to pay in severance and other benefits.

Sprint expects to absorb a $165 million hit in the fourth quarter and may take more charges in the future.

Explore further: Mexico City proposes regulations for Uber

Related Stories

Sprint eliminating 800 customer-service jobs

Aug 27, 2013

Sprint says it's eliminating about 800 customer service jobs because fewer people are calling its centers. With growth in other parts of the business, Sprint says it expects the company's work force to remain at about 40,000.

Recommended for you

Mexico City proposes regulations for Uber

Jul 04, 2015

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

Shyp reclassifies contract couriers as employees

Jul 03, 2015

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

BSD
not rated yet Jan 24, 2014
Finance, not science.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.