Sprint to cut its workforce before this month is out

Sprint to cut its workforce before this month is out
Sprint, the nation's third largest carrier, will be taking an ax to its headcount before the end of this month. While specific numbers weren't mentioned, it is believed that both management and non-management jobs are in jeopardy. The mobile operator employed 38,000 as of December 31st. The company has already filed with the SEC, its intention to take a $160 million charge against earnings for the third calendar quarter. The charge covers severance pay and other costs related to the job cuts.

Despite talk from its former CEO Dan Hesse that 2014 would be Sprint's year, the carrier has had to look over its shoulder at a fast charging T-Mobile. Sprint also has run into trouble while trying to upgrade its network. Gaps in the pipeline have caused customers to complain, with some leaving to subscribe to other carriers. Back in August, Sprint decided not to fight U.S. regulators, and abandoned all efforts to acquire T-Mobile. Hesse was removed from his position by Sprint's board, and replaced by Marcelo Claure, who promised to cut jobs in an effort to make ends meet.

Back in 2013, Sprint cut 800 customer service jobs. Those cuts were made after the operator shut down its iDEN network, which it acquired with its purchase of Nextel in 2004. That purchase has led Sprint to report seven straight years of losses, totaling $45 billion.

source: WSJ

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15 Comments

1. MasterSyrron

Posts: 59; Member since: Dec 08, 2012

And soon, we'll see talks of someone buying out Sprint.

3. Alan01

Posts: 578; Member since: Mar 21, 2012

SoftBank did last year! Regards, Alan F.

4. MasterSyrron

Posts: 59; Member since: Dec 08, 2012

I meant from SoftBank. :)

2. fzacek

Posts: 2486; Member since: Jan 26, 2014

Lol, Sprint is dead...

5. QWIKSTRIKE

Posts: 1457; Member since: Mar 09, 2010

In what way genius....

6. technitude

Posts: 263; Member since: Dec 19, 2013

He/She's being dumb. (or is dumb). It'd be really hard for one of these companies to go down. Each of these companies has solid assets. Saying they are going to be dead, is like saying that gold will have no value in the southeast. If they do go down, every customer with Verizon and AT&T should expect their bills to double. Sprint is the company that forced them to offer national calling, remove long distance charges, free GPS, free texting, free data, and lowering fees in general. Does nobody remember when Verizon charged money to use the GPS chip in their own phones?

10. tigermcm

Posts: 861; Member since: Sep 02, 2009

man oh man do i remember those days of being nickeled and dimed left and right for EVERY feature my phone had

11. lsutigers

Posts: 832; Member since: Mar 08, 2009

They still try to charge for scrappy VZ Navigator when you can get Google Maps free.

7. jpkelly05

Posts: 110; Member since: Nov 13, 2012

I highly dought they will die or are dead. Especially with TMo quickly spending money it most likely doesn't have. I still believe their CEO is an assclown that is just creating hype. Especially after he blamed ATT for not keeping air conditioning operational in a Stadium that they only own the name of for commercialization. I give TMO Props where it is due... but I would be careful with them as well.

8. Relleish

Posts: 3; Member since: Nov 06, 2012

I absolutely cannont wait until the 25th. My contract with Sprint will finally end and I can hop onto Tmobile. I live in an urban neighborhood with poor reception from all 4 carriers. Tmobile's WiFi calling will be a huge help since the iPhone 6 supports it. It's been 2 years of hell with Sprint.

9. downphoenix

Posts: 3165; Member since: Jun 19, 2010

I think they are going the wrong direction. Claure is just more of the same bs we've gotten for years from Sprint, the company will continue to go downward, and as usual the employees will be the first one to feel the pain of its downward spiral. And I bet you most of those jobs they will be cut where they need to be doing it the least, the customer service. They'll just outsource it more and more, when people constantly bitch about it, and this will lead to lower customer service ratings, they'll get back to their 2007 levels in about 2 years if Claure runs the company like that.

13. wumberpeb

Posts: 453; Member since: Mar 14, 2011

If you had any clue what you were talking about, you'd know that Marcelo is the polar opposite of Dan Hesse... This guy is getting $&%@ done

12. lsutigers

Posts: 832; Member since: Mar 08, 2009

Most of the jobs being eliminated are Network jobs now that Network Vision is largely complete. They still have a ton of people in Network Engineering working with Ericsson, Nokia Networks, Samsung and ALU on optimization and integration. BTW, Sprint no longer outsources customer service jobs.

15. downphoenix

Posts: 3165; Member since: Jun 19, 2010

This is incorrect. I know for a fact they do outsource.

14. JEverettnow

Posts: 228; Member since: Mar 11, 2013

You forgot to mention the thousands of layoffs that were already done this year. Something tells me the service and repair side will get the brunt of this again.

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