Sprint Corporation announces 452 Layoffs at Kansas Headquarters, More Job Cuts to follow
In a bid to control the operating costs of the company, Sprint Corporation, third largest US Carrier, is likely to lay off more of its workforce in near future. This job cut will start with the company's Overland Park, Kansas headquarters, where the company has announced 452 layoffs.
Sprint Corporation, commonly referred to as Sprint, is a United States telecommunications holding company that provides wireless services and is also a major global Internet carrier.
Marcelo Claure, CEO of Sprint, stated that the company is all set to lower down its operating cost and has taken the first step in this direction. It has started the process by cutting 452 jobs at its Kansas headquarters. These jobs will cut a cost of $160 million in severance and other associated costs as stated by the carrier's latest October 3 regulatory filing.
The departments targeted in this layoff are the IT department and portfolio management employees. It is believed that more layoffs will be followed in the rest of the month as the company announced in January this year that these layoff costs might pile up to $165 million.
In March, the company had laid off 477 employees in March. It now has around 33,000 employees as against the 38,000-strong workforce it once had in December 2013.
Claure is focusing over covering the financial losses of the company by reversing its declining subscriber figures. He informed the employees about these job cuts. Claure added that he considers them as an important part of the overall turnaround strategy of the company.
Speaking in this context, Scott Sloat, a spokesman for Sprint Corporation said, "We are still working through the details so exact numbers and locations are not available at this time."
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