Sprint has made another round of post-Clearwire-acquisition cuts. It laid off 161 employees of the 4G wholesaler Friday.
Just over two months after closing the $3.5 billion acquisition, Sprint Corp. (NYSE: S) has confirmed to the Kansas City Business Journal that it will eventually let 75 percent of the workforce go. This latest round of cuts affected employees in Clearwire's headquarters in Bellevue and Kirkland, Wash. (See: Sprint Completes Clearwire Acquisition.)
Sprint also confirmed that only two members of Clearwire's nine-member executive team remain with the operator. Some executives, like Clearwire CEO Erik Prusch, chose to leave the company rather than wait to be let go. Dow Draper, former Clearwire senior vice president and general manager of retail, is now Sprint's president of prepaid operations. John Saw, former Clearwire CTO, is now Sprint's senior vice president of technical architecture.
Since SoftBank Corp. closed its acquisition of Sprint in July, the company has laid off nearly 1,000 employees. One recent round of cuts affected 800 people in the customer service division. (See: Softbank Closes on Sprint Acquisition and Sprint Lays Off 800 Customer Service Reps.)
— Sarah Reedy, Senior Editor, Light Reading