Sprint looks to slash costs, ponders fate of ‘Framily’ plan

A Sprint store in Springfield | Photo by Nicole Lunger/Missouri Business Alert
Sprint executives are divided on the company’s “Framily” pricing plan. | Nicole Lunger/Missouri Business Alert

In a memo to his staff, new Sprint Corp. CEO Marcelo Claure said the company will become more cost efficient and competitive. Masayoshi Son, Sprint’s chairman, has previously said the company’s strategies will include cost reductions. Though the company declined to state where it would be cutting costs, some analysts anticipate that efforts to reduce costs will mean job cuts for the Overland Park, Kan.-based telecom company.

Meanwhile, Sprint executives appear to be divided over proposed changes to the company’s “Framily” group plan. Son said the plan was not performing as well as he had liked and that customers do not understand its value. Sprint is now looking to make changes, but company leadership remains divided over the Framily pricing plan. Son said Claure will eventually release the company’s new sales structure once discussions are complete.

Read more at Kansas City Business Journal

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