Sprint lays off 2500 workers, moves earnings announcement up a week to tomorrow
The earnings were originally scheduled to be released next week, but Sprint CEO Marcelo Claure wanted to soothe the jangled nerves of investors who have been dumping the stock. Recent reports that the carrier was going to overhaul its network were apparently over-analyzed by Sprint stockholders. The company said that it was looking to save up to $2 billion by switching to a backhaul system using microwaves. Claure said that he moved up the earnings announcement "to set the record straight."
As far as the job cuts are concerned, Sprint wanted to inform those affected before January 30th. Those dismissed after that date will be entitled to a reduced severance check that gives them 1 week of pay for every year of employment at Sprint.
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