Wednesday, August 13, 2014

New Sprint CEO hinting at job cuts


Sprint recently announced that Marcelo Claure will replace Dan Hesse as the new CEO of Sprint. With the change the new CEO will be holding a company wide meeting on Thursday to discuss his plans to refresh the Sprint brand and improve the company. According to Bloomberg, Claure’s main goal will be to cut costs. This means they’ll start to get more aggressive competing against carriers like T-Mobile who have recently turned the wireless industry upside down with aggressive plans that undercut larger carriers like Verizon and AT&T substantially. Several of the analysts at Bloomberg also believe that Claure will also cut operational costs by letting go some of Sprint’s 36,000 employees.