OVERLAND PARK, Kan. -- Sprint employees are preparing for another round of layoffs and a high-ranking official says it will be in the thousands.
Sprint executives announced last month plans to cut more than $2-billion dollars in expenses but details of how many might lose their jobs have been unknown until now.
The Japanese owner of Softbank, which owns Sprint, recently told the media that job cuts will be in the thousands, but how many thousands is still unknown.
Sprint has cut more than 7,000 jobs over the last two years, and other recent cost cutting measures include getting rid of paper, making employees take care of their own trash, having executives use taxis and Uber instead of limos, and getting rid of free snacks for employees.
Despite the doom and gloom, the fourth leading wireless carrier is still making positive strides.
Sprint’s mobile speeds are improving and thanks to some aggressive pricing strategies, Sprint recently announced it has gained hundreds of thousands of new customers.
Even so, the company is still not making enough profit, leading to these job cuts.
Sprint CEO Marcelo Claure hopes to announce the cuts before January 30th and for good reason. After January 30th, Sprint employee severance packages will be cut in half.