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.

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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.

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