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Sprint Announces Layoffs, Number of Affected Employees Unknown

2014-10-04 23:27:17| IT Services - Topix.net

The nation's third-largest wireless carrier has announced that it'll be cutting jobs, though it hasn't yet identified just who will be getting the axe-or how many people. The company made notice of the layoffs in a regulatory filing published with the Securities and Exchange Commission this Friday.

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Sprint Starts Layoffs, Will Take $160M Charge

2014-10-04 12:30:09| IT Services - Topix.net

Sprint said Friday that it has begun a program of layoffs that will result in a $160 million charge for the company in the September quarter. New Sprint Corp. CEO Marcelo Claure said that the company would be making cuts in his first town hall as the new boss of the operator back in August.

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Fresh round of layoffs to cost Sprint $160 million in second quarter

2014-10-04 01:05:59| IT Services - Topix.net

Sprint Corp, the third largest U.S. wireless carrier has launched a new round of layoffs, the company said on Friday in a regulatory filing, the latest in a string of job cuts plaguing the Kansas-based carrier. Sprint has been reshuffling executives and laying off workers as it struggles to reverse a subscriber exodus brought about by a messy network overhaul that has caused gaps in coverage.

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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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Mass layoffs under way at Sprint

2014-10-03 23:42:31| Telecom - Topix.net

A good rule of thumb: When the new boss starts talking about making the company more efficient, he or she usually means that jobs aren't too safe. New Sprint CEO Marcelo Claure wasn't on the job for more than a day before he started talking about " becoming extremely cost efficient " in the short term at the Overland Park telecommunications company.

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