Sprint continues decline, plans job cuts and cost cuts of $2.5 billion

0
223

(credit: Sprint) Sprint’s place among the big four US wireless carriers continues to be a precarious one, with news reports saying the company now aims to reduce its number of employees and cut between $2 billion and $2.5 billion in costs over the next six months. A memo from Sprint management to staff said there will be a hiring freeze and “job reductions,” according to   The Wall Street Journal . Sprint announced days ago that it will skip a major auction of low-band spectrum, a decision that could push the company further behind its rivals. Sprint has licenses to more spectrum than any other carrier, but AT&T and Verizon control a large majority of low-band spectrum, which is ideal for providing coverage over long distances and indoors. T-Mobile says it intends to buy enough low-band spectrum to cover the entire nation; Sprint says it can improve coverage with its existing spectrum by increasing the number of cell towers. Read 4 remaining paragraphs | Comments

Read the article:
Sprint continues decline, plans job cuts and cost cuts of $2.5 billion

LEAVE A REPLY

Please enter your comment!
Please enter your name here

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.