Sprint to lay off over 2,000 before the year is up

By Matthew
Nov 10, 2009
  1. After reporting a third-quarter loss of $478 million and 545,000 customers, Sprint plans to let go between 2,000 and 2,500 people -- about 6% of its 42,000-strong workforce -- by the end of this year. The company expects the job cuts to reduce annual expenses by $350 million, and it will dole out $60 million to $80 million in severance payments during the fourth quarter.

    Read the whole story
Topic Status:
Not open for further replies.

Similar Topics

Create an account or login to comment

You need to be a member in order to leave a comment
TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...

Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.