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Sprint job cuts looming as firm cuts costs

by Todd Haselton | October 2, 2015October 2, 2015 10:20 am PDT


Sprint is reportedly planning to kick-off a new initiative to save costs across the business that will ultimately result in job cuts, according to a new report on Friday.

The Wall Street Journal said¬†Sprint will spend the second half of this year cutting up to $2.5 billion in spending in an effort to “step up its belt-tightening.” The carrier recently fell to fourth place among the top U.S. wireless service providers, now behind Verizon, AT&T and T-Mobile, as customers have opted to move to alternatives.

Sprint’s CFO Tarek Robbiati issued a memo to Sprint employees that was received by¬†The Wall Street Journal. In it, Robbiati admitted that the $2.5 billion cost-cutting initiative “inevitably will result in job reductions.”

Robbiati didn’t discuss how many employees will lose their jobs, or in what sectors.

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...