Jesseb Shiloh Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

Sprint announces string of job cuts to reduce costs

30 sec read

The nation’s third largest wireless provider recently kicked off a series of layoffs that are expected to continue through the month of October. In an SEC filing on the matter, Sprint described the job cuts as part of a workforce reduction plan designed to reduce costs and help the company become more competitive in the wireless industry.

Sprint Corp. said Friday that it would cut an unspecified number of management and nonmanagement jobs this month to reduce costs. The cuts come two months after Marcelo Claure started as chief executive, replacing Dan Hesse. Sprint is owned by Japan’s SoftBank Corp. The job reductions will result in a charge of about $160 million in the company’s September quarter for severance pay and related costs, according to a filing with the Securities and Exchange Commission. As of Dec. 31, the company had about 38,000 employees.

Source
Avatar of Jesseb Shiloh
Jesseb Shiloh Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

Google Fiber wants to beam internet access to people’s…

In the six years since it was launched, Google Fiber has only expanded to three metropolitan areas, and even though it’s working on expanding to another...
Avatar of Alfie Joshua Alfie Joshua
1 min read

Google’s wireless network is now available without an invite

Hiding products behind an invite system is a great way to piss a lot of potential customers off, and few companies enjoy doing this...
Avatar of Alfie Joshua Alfie Joshua
1 min read

AT&T is bringing its 5G technology to Austin by…

While other carriers are still working on expanding their 4G networks, companies like AT&T and Verizon are already developing their own 5G technologies. We...
Avatar of Chastity Mansfield Chastity Mansfield
1 min read

Leave a Reply

Your email address will not be published. Required fields are marked *