Sprint cutting 2,500 and closing call centers to cut costs

Cellphone company Sprint is eliminating more jobs as it seeks to cut costs and turn around its business.

Sprint spokesman Dave Tovar says the country's No. 4 wireless service provider has cut about 2,500 since last fall, or about 8 percent of its workforce. Last week, it notified employees at six customer service centers around the country that it would be closing those locations or reducing the staff there.

The latest round of follows 2,000 announced in November 2014.

Shares of the Overland Park, Kansas-based company are down about 39 percent in the past 12 months. The stock dropped 9.6 percent to $2.60 in afternoon trading Monday.


Explore further

Sprint eliminating 800 customer-service jobs

© 2016 The Associated Press. All rights reserved.

Citation: Sprint cutting 2,500 and closing call centers to cut costs (2016, January 25) retrieved 16 October 2021 from https://phys.org/news/2016-01-sprint-centers.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
4 shares

Feedback to editors