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Sprint announces layoffs, $160M in severance

2014-10-04 01:05:58| IT Services - Topix.net

In a Friday filing with the Securities and Exchange Commission, Sprint said that it began a workforce reduction plan to reduce costs and help it become more competitive in the marketplace on Sept. 30. Sprint said it expects to recognize a charge of about $160 million in the second fiscal quarter of 2014 for severance-related costs.

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