Sprint chairman says job cuts will be ‘in the thousands’

Masayoshi Son speaks during a news conference in Tokyo July 30, 2013. | Photo courtesy of Reuters
Sprint Chairman Masayoshi Son speaks during a news conference in Tokyo July 30, 2013. | Photo courtesy of Reuters

Sprint Chairman Masayoshi Son said Wednesday that layoffs at the company, which have been expected since Sprint announced a plan to cut at least $2 billion in costs, will number “in the thousands.”

Previously, Sprint CEO Marcelo Claure had declined to give a number for job losses expected as part of the Overland Park, Kan.-based telecom company’s cost-cutting efforts.

The new spending reductions follow Sprint’s push last year to eliminate $1.5 billion in costs. That effort included 2,000 layoffs.

Sprint had 31,000 employees as of the end of March, its last public update.

Read more from the Kansas City Star and the Kansas City Business Journal


Tags:, ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students