December 2, 2008

Sprint starts to cut expenses

Filed under: Telecom,US,Wireless — DF @ 4:19 pm
Tags: , , ,

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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