No layoffs on the horizon; says Sprint CFO
After reporting a $980 million loss during their latest quarterly reports, things may get a little tighter over at Sprint. As they continue to lose customers, the number three wireless carrier in the country is looking for some cost cutting measures to alleviate their dwindling revenues. Fortunately it doesn't look like Sprint will be expecting any layoffs amidst their lackluster performance in the most recent quarter, but they do plan on looking at other cost reduction programs. Sprint's CFO, Bob Brust, announced the news about not reducing head-count during their conference call with analysts; although he did acknowledged Sprint's large job cuts last year. “As far as we can see, that takes care of that part of our cost reduction program. We don't envision any more head-count reductions,” says Brust to an analyst's question. Still trying to shrug off the global recession, it's nice to see Sprint look at alternative ways to cut costs as opposed to handing out pink slips to workers.
source: Sprint Connection
source: Sprint Connection
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