Sprint lays off 2,500 as cost-cutting continues
More than three years into Softbank’s ownership of Sprint, the company has been on a $2 billion mission to run lean and return to profitability. Some at Sprint’s Overland Park, Kansas, headquarters believe it took a bunch of unused advice to get to this point. It took a while for the last-place carrier to get cutthroat with its first-tier competitors. Now, it’s making major internal moves.
More than 2,500 jobs will be eliminated by the end of the month. Roughly 2,000 of them will be at five customer care centers in New Mexico, Tennessee, Texas, Virginia, Colorado while the headquarters will see 729 positions — ranging from customer care to marketing to IT — eliminated. It told officials with the state of Kansas that it would shed 829 jobs at Overland Park.
Over 6,000 job cuts have taken place in the past two years.
Analysts are expecting good news tomorrow from Sprint’s Q4 earnings call, with postpaid subscriptions estimated to be up by around 500,000. The call was moved up a week after the company’s stock tanked on speculation of a “radical network strategy.”