LayoffBlog.com

March 11, 2009

Sprint network outsourcing deal not ‘imminent’

Sprint Nextel is not going to outsource its network management any time soon, according to an analyst from a firm that recently met with Sprint CFO Bob Brust. Brust met Monday with investors at a gathering sponsored by Robert W. Baird & Co.

Sprint is continuing with the 8,000 job cuts it announced in late January, and they appear to be on track to be completed by the end of March.

Source: FierceWireless

January 26, 2009

Sprint to lay off 8,000 by April

Filed under: Telecom,US — 7macaw @ 12:19 pm
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Sprint Nextel Corp. today said that it will lay off about 8,000 workers by April within “all levels” of the company.

The carrier also said it will suspend the 401(k) matches for workers for 2009 and extend a freeze on annual salary increases started in 2008 through 2009. A tuition-reimbursement program was also suspended.

Source: Computerworld

December 2, 2008

Sprint starts to cut expenses

Filed under: Telecom,US,Wireless — DF @ 4:19 pm
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According to BusinessWeek: “To stem its losses, Sprint is cutting expenses. The company began offering voluntary buyouts to employees in human resources, corporate communications, and finance in November. The workers have until Dec. 3 to apply for the offers, and those who get them will depart by the end of January. Sprint also has stopped buying all but essential office supplies, and has even reduced the number of printers its staffers use to cut expenses. “The cost cuts have been effective, but the EBIDTA [earnings before charges such as depreciation and taxes] is still declining,” says Arden. “There’s only so much cost they can take out of the business.””

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