**Editor’s Note: Click here for a recap of layoffs impacting some of the biggest names doing business in the industry.**
Sprint Corp. this week started laying off more workers as the company seeks to reduce costs and, in its own words, “become more competitive in the marketplace.”
The wireless provider on Friday filed a notice with the Securities & Exchange Commission that it implemented another round of job cuts on Tuesday, Sept. 30. Sprint has been lowering its headcount throughout 2014 as it tries to keep up with AT&T, Verizon and T-Mobile, and as its new parent, SoftBank, makes operational changes.
Sprint said it expects its most recent layoffs to be done by Oct. 31, and that they include management and non-management positions. The company did not say how many people are impacted.
As a result of the cuts, Sprint said it will incur a charge of about $160 million in the second fiscal quarter of 2014.
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June 19 2019 @ 15:37:42 UTC