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Sprint to cut workforce across the ranks

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In an SEC filing, Sprint(s s) said it has begun implementing a plan to reduce its workforce over the next five months. The carrier didn’t say how many jobs it would cut, only that they would be across managerial and non-managerial staff and that it would incur severance and restructuring costs around $165 million in its fourth quarter earnings. It’s been six months since Sprint and SoftBank closed their massive investment deal, but Sprint is continuing to struggle.

One Response to “Sprint to cut workforce across the ranks”

  1. Pine Tree

    What a lot of people fail to realize that before the merger Sprint was heavily in debt and softbank took on a lot of debt just to buy Sprint. Now this newly combine company is in debt up to their eyeballs. I don’t see how they could afford to buy t-mobile yet alone pay off the money they own. I think within the next 2-3 years the company could fill for bankruptcy if they keep losing subscribers.