Business
Sprint to cut 2,000 to 2,500 jobs
Sprint Nextel said it will cut 2,000 to 2,500 positions in the fourth quarter in an effort to save $350 million.
Sprint Nextel said it will cut 2,000 to 2,500 positions in the fourth quarter in an effort to save $350 million.
The cuts will be completed by Dec. 31.
According to a statement, Sprint will cut jobs across the company, including its wholesale unit and contractors. The company said the cuts won't impact customer service, something the Sprint has been trying to improve. Nevertheless, Sprint said call volume has decreased so it has discontinued 27 call centers.
Sprint will take a fourth quarter charge of $60 million to $80 million. The layoff news comes as Sprint will reportedly sink another $1 billion into Clearwire.