Sprint Planning Job Cuts
Sprint has announced a “workforce reduction” that will amount to an underdetermined number of cuts to both management and non-management positions at the company.
Sprint yesterday said in a regulatory filing that it began implementing the job cuts Jan. 16 and said it plans to finish the process by June 30 this year.
Sprint confirmed the job cuts will reach across the country.
“The reductions come as the result of greater efficiencies that we’ve achieved though simpler pricing plans and improved customer service, changing marketplace dynamics and changes in the product and services sold primarily to business customers,” according to a statement from Sprint.
Sprint employs approximately 39,000 workers.
Sprint is anticipating a charge of approximately $165 million in the fourth quarter for covering severance and other expenses. The carrier said at this time it is unable to estimate any further costs associated with the job cuts.
These cuts follow 800 customer service jobs Sprint chopped last summer. At the time, Sprint said growth in other areas would keep the company’s workforce even.