Monday, October 20, 2014

Sprint announces layoff of 452 jobs at headquarters


Earlier this year in a Sprint SEC filing they announced their plan to cut costs by laying off employees to better meet the changing dynamics of the workplace. At the end of quarter 2 Sprint took a $160 million hit due to severance packages from the last round of layoffs after Marcelo Claure took over as CEO of Sprint. In a filing last Friday they announced that 452 jobs will be terminated at the company’s main headquarters after 477 job cuts earlier this year. The layoffs are to reduce company overhead as Sprint plays catch up deploying Sprint Spark 4G LTE coverage to areas to compete with Verizon’s XLTE network and AT&T’s 4G LTE coverage.