No layoffs on the horizon; says Sprint CFO

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

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17 Comments

1. Trevsx1000

Posts: 33; Member since: Dec 08, 2009

Best news we've heard from there in a while, at least they're trying

2. scorpio85

Posts: 160; Member since: Jan 16, 2010

Glad to hear this, especially since I work for the company.

3. Arielnyc2006 unregistered

They plan to shut down one of the last three towers they have in NYC to save costs.

4. hcbarclay

Posts: 62; Member since: Dec 20, 2009

where do you get this info? why would a carrier shut down a tower which would limit its service?

5. hcbarclay

Posts: 62; Member since: Dec 20, 2009

This negative press is hard to believe since i work for the company and I personally did 40 new activations this month and all of them were ports from either Verizon or ATT...the other thing is that we changed out plans and look who followed suit...the NAZI regime of all cellphone companies...the BIG RED BOX...and there plans are still 10 to 20 dollars higher...someone needs to recheck their facts

6. PoRTaLFieLD

Posts: 10; Member since: Jan 29, 2010

wouldn't at&t be the nazi? at least verizon doesn't bash its competition, the best way to beat your competition is to befriend it, their plans are higher because in the US they have the most coverage no questions asked, its worth 10 or 20 bucks to know that if I have to go to some lame town in the middle of nowehre in Utah....my service is going to work. I guess to each his own, i'd probably have your attitude if I worked for Sprint, Spring in CO aint too dandy though...

7. CODYPHOBIA

Posts: 58; Member since: Jun 21, 2008

40 activations? In one month? WOW! Considering your numbers are still dropping it seems your losing more than your activating....perhaps push towards keeping what you have instead of gaining new customers that you can lose next quarter? Just an idea.

8. whocares

Posts: 235; Member since: Dec 19, 2009

didnt verizons map for that commercial start the whole "bash" war?

9. CODYPHOBIA

Posts: 58; Member since: Jun 21, 2008

It started long before that with a little jab here and a little jab there. Who knows where it first started....i personally say it was that damn Chad from Alltel that started it but hey it was humor and humor works!

10. PoRTaLFieLD

Posts: 10; Member since: Jan 29, 2010

no and i'll tell you why, all that verizon showed were both theirs and at&t's 3g coverage, nothing more than showing it, and the only reason they did that was clearly because at&t has been doing that to competition for so many years. They were making a point and just trying to tell people to pull up maps online, go to at&t's website and pull up their nationwide 3g coverage and then verizon's and you will see how hilarious it is. at&t even now makes claims like"you cant be on a call with a verizon phone and surf the web" but you actually can, its dependent on the phone, and at&t makes it sound like every phone they have does it, which only like 3 or 4 do, same as verizon, at&t started bashing competition when they bought out cingular.

11. dha_george

Posts: 54; Member since: Jan 27, 2010

please tell me which verizon phones allow you to surf the web and talk at the same time if you are not using wifi?

13. hcbarclay

Posts: 62; Member since: Dec 20, 2009

WHEN DO YOU EVER NEED THAT?! OH, I FORGOT BECASUE MY FRIEND AND FAMILY ARE ALWAYS ON A GAME SHOW THAT I NEED TO DO THAT...CMON?!

12. VZW_BIGRED

Posts: 1; Member since: Feb 11, 2010

sounds like someone had a good month! The maps do not lie, there is no reason for any fight.

16. DonLouie

Posts: 594; Member since: Dec 22, 2008

The maps aren't telling the whole truth so in essence they're lying

14. rwolf1984

Posts: 536; Member since: Jun 06, 2009

They already laid off thousands of employees prior to the holiday season. . .Financially, Sprint is still a mess. They've gotta cut the bleeding and start getting POSTPAID customers. Moody's about to lower their credit rating again. . .not good!

15. PoRTaLFieLD

Posts: 10; Member since: Jan 29, 2010

they need to stop having the lowest costing plans, wouldnt that be the smart thing? i mean sure customers are happy with it but hey, thats part of the reason their pocket books are empty...

17. rwolf1984

Posts: 536; Member since: Jun 06, 2009

yeah, lol remember when Sprint was firing their own customers? lol. . .way to go Dan Hesse!

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