Sprint to lay off more than 2000 people

Sprint to lay off more than 2000 people
After losing a gross total of 545,000 customers during the third quarter, Sprint Nextel is cutting $350 million from it's labor costs by chopping 2,000 to 2,500 employees from the payroll. Thanks to severance pay and other costs, in the short run, this move will cost the carrier $60 million to $80 million in the fourth quarter. According to Sprint, employees and contractors will be affected.

A Sprint spokesman said that the cuts will not impact the improving customer service area where Sprint has been making strides. Since current CEO Dan Hesse took over in 2007 amid complaints about poor customer service, things have improved so much that 27 call centers have been closed due to decreased call volume. But the bottom line remains a major problem. Despite the third quarter being the first full three month period that enjoyed the inclusion of sales for the Palm Pre, Sprint lost $478 million in the third quarter, up from the $326 million loss in the prior year. Revenue slipped 9% year over year.

Palm Pre Specifications | Review

source: PCWorld



1. AZNphoneGeek

Posts: 200; Member since: May 15, 2009


2. tmofanboy432

Posts: 139; Member since: Jan 12, 2009

sprints done

3. *HOVA*

Posts: 564; Member since: Dec 11, 2008

Proof a single phone can't help a company.

7. hmcougar09

Posts: 137; Member since: Jan 25, 2009

It didn't for the iPhone and ATT, not that I care about them though. VZW FTW!

8. *HOVA*

Posts: 564; Member since: Dec 11, 2008

Glad you could bring your love for a red check mark up your a$$ in a thread that has nothing to do with Verizon. Spoken like a true retarded fanboy.

9. JackFace

Posts: 190; Member since: Nov 03, 2009

Hehe! You crack me up! Thanks *HOVA*.

12. phonatik

Posts: 21; Member since: Nov 09, 2009

I disagree with HOVA. Just look at the iphone and what it's done for att. You are not gonna deny that if att is still in the map is because of the iphone and that is a fact! To bad for att though after their contract expires and big red grabs the iphone? They will suffer just as bad as sprint is now by the loss of clients.

14. *HOVA*

Posts: 564; Member since: Dec 11, 2008

I'll deffinetly believe that when I see it. First off, who knows when or if they will get it the way things sound. Second of all, if Verizon's network is SO superior, I highly doubt all the people that had iPhones originally would stay with ATT and keep upgrading. ATT has it's network problems in some areas, but Verizon does too. That's the reality of wireless serivce, it's just how it is. Although, when I made my comment I was thinking of how many people thought the Pre would revitalize Sprint and clearly it hasn't. I totally agree the iPhone has brought customers to ATT, but I don't think it going to Verizon, possibly someday, is going to make that big of a difference. Will it make a difference? Sure, in areas where a customer has an iPhone and Verizon has better coverage they'd jump ship. Will it make a BIG difference? I doubt it.

20. DonLouie

Posts: 594; Member since: Dec 22, 2008

iphone stands on it's own, people put up with a bad network and buy each new one just of the great device it is how much hype is behind it. Read over a few message boards and you'll see those att subs saying they'll abandon them if another carrier gets it which is why I'm holding hope when exclusivity does it comes to all carriers

28. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

I dunno bro, I remember reading it reported *somewhere* on here prolly when the iPhone first launched, that ATT had said that a third of their new iPhone subscribers had come from VZW. I'd say a third is a pretty good chunk, especially given how many iPhones they ended up selling. Only time will tell how many of those would come back to VZW given they get the iPhone. And just curious, why don't you think the iPhone/an Apple branded phone could come to VZW next year when ATT exclusivity ends? Personally I think it's more than plausible for reasons such as network size (both in terms of subs and in actual 3G coverage area), the fact that there are already plenty of "world" phones on CDMA networks, and Qualcomms comments about producing a dual CDMA/WCDMA chipset, having the FTC breathing down telcom and cellphone manufacturers necks over lengthy exclusive phone contracts, and most importantly the opportunity to vastly expand it's customer base. I mean for crying out loud, you buy the iPhone in Wal-Mart and Radio Shack now!

30. Dood

Posts: 269; Member since: Mar 23, 2009

Shit people! There could be a post of "Young couple gets eaten by a bear in the woods". What's the first thing coming out of peoples keyboards? The iPhone could have saved em with apps. The Droid could have been used to pistol whip the damn bear. Keep your posts relevant. This sucks for our community, not for any phones. With this drop in workers our national unemployment rate will go up lowering the money in our system. This is terrible for everyone. We are going into a deeper depression when this happens. Closing and firing are not funny things for our economy. This spells doom, dood. Doom.

4. rath

Posts: 25; Member since: Aug 14, 2009

Sprint come to a crawl, stall, and out of this world.

5. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

i feel bad for those people.

6. Illyich

Posts: 167; Member since: Oct 13, 2009

I do too. I can't help but think that if AT&T were laying off employees, you'd be laughing at them, though.

13. vzw fanman

Posts: 1977; Member since: Dec 11, 2008

No I wouldn't laugh at them. Its never good when anyone gets laid off bro.

22. InstinctDemon

Posts: 74; Member since: Nov 09, 2009

It sucks to get laid off.

10. VGirl

Posts: 27; Member since: Jan 14, 2009

its funny that they only talk about hurting companies that are laying people off. It may not be in the thousands but Verizon is going to be laying people off too.

11. *HOVA*

Posts: 564; Member since: Dec 11, 2008

I think some layoffs are just to be expected in the business. I think this is being reported simply due to the large number involved.

31. Dood

Posts: 269; Member since: Mar 23, 2009

People get laid off and fired everyday. Not 2000 people from one nationwide company. Sprint is trying to save themselves. Unfortunately, as our unemployment is around 10% at least 200 of these people won't be able to find work again for a long while. That is a big number. 200, you know, dood?

15. vzwman

Posts: 385; Member since: Oct 26, 2009

damn that sucks another statistic yup sprint is going down hill fast i knew it

23. InstinctDemon

Posts: 74; Member since: Nov 09, 2009

And how's that? 49 million well make that 48.5 million, Sprint's not going anywhere! Sprint has improved over the years!

26. JackFace

Posts: 190; Member since: Nov 03, 2009

On top of that, who did Sprint just aquire? Virgin Mobile? See, big increase of staff. Not all those bodies are needed. I don't think this is an indication Sprint is going anywhere.

32. Dood

Posts: 269; Member since: Mar 23, 2009

Yeah, losing 9% of your total revenue YOY is a big improvement!! How much do you make YOY? Do you even know what YOY is? Do you even work? If my pay dropped 9% I'd be losing over 2000 dollars in the course of a year. That's a lot of freaking money, and I make shit pay allready!!

16. bagsofcole

Posts: 30; Member since: May 19, 2009

Didn't Vz just layoff 4000 with 4000 to come soon?

17. vzwman

Posts: 385; Member since: Oct 26, 2009


18. Galen20K

Posts: 576; Member since: Dec 26, 2008

This is really Sad, I feel Horrible for those people and their families.... = (

19. agentoj

Posts: 105; Member since: Oct 29, 2009

Sprint is going to bounce back, prices are great and you get really good bang for your buck. VZW has solid service in most places, but when the hell am I going to go everywhere in the US? Sprint gets solid service where I live so Sprint is the champ for now in my book. Plus when I am "roaming" I am using verizon's towers, can you hear me now?

21. BlackberryUser

Posts: 609; Member since: Jun 26, 2009

This the point most people miss. I don't think Sprint or AT&T will absolutely fail and go into bankruptsy. Their customer base may decrease substantially, but they'll survive or be purchased by another carrier. No carrier has the "best" coverage EVERYWHERE. Verizon DOES have the best coverage in most places, but if you don't travel it's irrelevant. I travel a lot and therefore I have Verizon, but I also have an AT&T phone to cover me in area's where the Verizon / Alltel network doesn't cover. AT&T had horrible coverage in California and Arizona, but certain parts of Texas have great coverage. Most of those people have been with AT&T for 10 years and unless something drastic happens they won't change. I don't think Sprint can "bounce back" though without something like the iPhone to drive people back to Sprint. They burned too many bridges with people and now they won't want to go back to see if everything's fixed. Even if the price is $10 cheaper then Verizon, AT&T, or TMobile. Also, I think TMobile has the cheapest prices right now. BTW.. When the iPhone goes to other carriers, AT&T will take a huge hit on their customer base. You can't honestly deny that. When the iPhone came out AT&T's subscription base grew exponentially and it was only due to the iPhone. Apple releases iPhones on a semi-regular basis and so people stay locked in with AT&T. A LOT of people have posted on VZW iPhone articles that they would pay their ETF to transfer to Verizon if the iPhone became available. That said a few people will probably stay with AT&T that switched, but most people who switched will switch back.

24. InstinctDemon

Posts: 74; Member since: Nov 09, 2009

Me thinks VZW has iPhone envy.

29. narley

Posts: 357; Member since: May 14, 2009

why because they have more customers? or because they still pull revenue each quarter larger than any other carrier? they have devices called EnV.... but do not require it for someone finishing second to them.

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