While Sprint maintains their position as the third largest carrier in the U.S., they announced on Friday that they will be laying off an unspecified number of management and nonmanagement jobs this month in efforts to further reduce costs.
According to the WSJ, referencing a filing with the Securities and Exchange Commission, the reduction of employees will result in a charge of approximately $160 million on the company's September quarter for severance pay and related costs.
This news follows a similar announcement made back in January where Sprint then took a $165 million charge for an unspecified number of job cuts.
Source: WSJ
Reader comments
Sprint plans to lay off an unspecified number of employees in efforts to further reduce costs
Can you hear me now?
Can you hear me now?
What do you mean he doesn't work at Sprint any more?
Can you hear me now was Verizon.
OMG just close down or sell yourself to another company already!!
Google.com -> Sprint + Softbank
Personally, I like Sprint as I can't beat their pricing for Unlimited Everything (Framily with 10+ people), and I get good enough speeds with Spark.
I used to be with Sprint. It is great the service works for you, they do have some pretty good prices. But, I would much rather pay more and get good data in my area and during road trips ... consistent data. It doesn't matter if the prices are good. That's one of the reasons Sprint isn't doing very well. It doesn't matter how cheap they make it. Sprint knows their service is nowhere near the competition, so the only way they CAN compete is with cheap prices. The thing is, they need the money to improve their network. This is where the competition already has their advantage. It's a cach 22. They need the money to build up their network, but they need to keep prices low to get customers because cheap is all they have going for them.
So a company with terrible customer service record is going to lay off even more staff to help contribute to a worsening customer service record.
And this company wanted to buy T-Mobile? Maybe T-Mobile should have offered to take over Sprint as favor for the customers.
I was tempted for a few seconds when Sprint sent a flyer out locally boasting they had super fast LTE in the area, only to find shortly after from a Sprint customer that it is a lie and that there is no LTE, there is no Data at all in the area and voice is sometimes hit and miss as well.
T-Mobile doesn't have any money.
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and sprint has? Don't seem that way.
In fact Sprint has posted multiple billion dollar losses each year for the last several years. They are under pressure to reduce their losses.
T-Mobile has actually shown a profit, it may not be much of a profit but it is far better than Sprint's, Sprint is declining dead dog of a network, it was mismanaged for years and unlike D-Telekom SoftBank are not willing to carry those losses. But what do I know. More than seems some call center worker in Bangalore knows! You've got a dell call waiting.
They need to follow the T-mobile plan... "sell" to AT&T with a huge clause in the contract saying that AT&T has to pay Sprint millions if the deal doesnt go through. Then turn around after the deal is shot down by the governemtn and use those millions to upgrade their infrastructure and actually have a competitive network. Then do something drastic like give away iPhones or something to attract lots of customers.
Or just continue down the same path and go away quietly into the night.
Sprint is doing that, its called Softbank.
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I almost got a job at LucasArts until Disney shut my department down. I almost got a job at RadioShack but then they started shutting down stores. I applied for job at Sprint and now this happens. I have really bad luck.
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I'm running out of reasons to remain with Sprint. The only reason I've been with them this long is unlimited everything, but T-Mobile offers unlimited everything for less. If my upgrade was due now, I'd bounce. I'm not paying an ETF, then waiting around for months for T-Mobile to send me a Visa check card for the amount. Nothing to do but wait until my contract expires and then look at other options besides Sprint. Maybe by then, they'll be hiring to fill the slots they are emptying now and improve service.
Last I checked Sprint's $60 unlimited talk, text, and data is currently cheaper than similar plans at t-mobile. And it's even cheaper with the iPhone 6 @ $50 for talk, text, and data. My experience with both T-Mobile and sprint is vastly different from what the majority here seem to be experiencing. Sprint is good in major cities and along major highways. Sprint has been noted as a highway chaser carrier while t mobile is mainly a major city carrier. So while you may not get as good of coverage as AT&T or Verizon, Sprint could be the next best option as far as major carriers go. In my experience with T-Mobile, as soon as you leave a major city almost every time it drops down to edge or no data at all. And I'm talking about major highways. More times than none I can consistently play my spotify on sprint than on t-mobile while traveling. Don't get me wrong, t-mobile is great in a metropolitan area, but their building penetration for voice and data coverage in my experience has been worse than sprints.
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