Sprint Starts Layoffs, Will Take $160M Charge

News Analysis Dan Jones, Mobile Editor 10/3/2014

Sprint said Friday that it has begun a program of layoffs that will result in a $160 million charge for the company in the September quarter.

New Sprint Corp. (NYSE: S) CEO Marcelo Claure said that the company would be making cuts in his first town hall as the new boss of the operator back in August.

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In an SEC filing, Sprint didn't put an exact number on how many people will be cut, but said the layoffs will include management and non-management positions and be "largely completed" by the end of October.

The carrier also isn't ruling out more cuts in the future. "Additional material charges associated with future labor reductions may occur in future periods," the operator says in the filing.

— Dan Jones, Mobile Editor, Light Reading

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MikeP688 10/22/2014 | 1:36:06 AM

Re: That takes me back You're absolutely correct. I "virtually dropped by" to see what they're up to @ https://calyxinstitute.org/member/membership-levels?tour=member_signup&step=1

Never a dull moment..Isn't technology grand :-) :-)

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Contributor	$400	$33.50	Calyx stickers + T-shirt + 1 year 4G wireless *
Sustaining	$1000	$83.50	Calyx stickers + T-shirt + 1 year 4G wireless * + your name or organization on our list of Sustaining members

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Joe Stanganelli 10/22/2014 | 1:23:32 AM

Re: That takes me back @MikeP: Ah, yes, that makes sense that it runs on the Sprint Network now because I had heard that you needed a Sprint-enabled phone if you were going to use an existing device you already owned with FreedomPop.

Thanks for this tidbit!

Additionally, I believe that the Calyx Institute -- a NYC-based nonprofit dedicated to cyber-privacy -- offers a free one-year 4G subscription (including device) to donors at the $400 level. Might be worth checking out.

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MikeP688 10/21/2014 | 11:20:48 PM

Re: That takes me back I use Freedompop's HotSpot and love it--although it runs on the Sprint Network. If anyone takes the time and is creative, anything is possible--if only the majors (including IBM that just took a big hit) realized it.

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Joe Stanganelli 10/21/2014 | 11:06:07 PM

Re: That takes me back There are even cheaper unlimited data plans out there. Freedompop comes to mind.

Of course, there are other tradeoffs, but Sprint certainly doesn't have the cheapest out there.

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MikeP688 10/20/2014 | 4:22:26 PM

Re: That takes me back Adapt or Die--Couldn't agree w/you More. What I found fascinating was the eye catching Commerical Sprint has now out there touting its' $ 50/Month with unlimited Data/Etc...I admit I was "enticed" to check it out. It is a fight to the death--that's for sure. The question is how long.

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SachinEE 10/20/2014 | 1:34:21 PM

Re: How can sprint regain some momentum? "Either way, this really highlights the importance of perception over reality when it comes to marketing. Sprint may offer a better product and be focusing on that in its marketing conversation, but it's not participating in the same conversation everyone else is."

As long as consumer bases are covered and marketing does not affect revenue figures, all is good. It may serve different areas with different marketing ideologies and may not pitch the same conversation with its partners, no harm no foul.

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SachinEE 10/20/2014 | 1:31:33 PM

Re: That takes me back "You actually bring up; a very interesting question in terms of maybe creating "partnerships" to be able to expand the horizons--Amazon is trying with its' expansive ecosystem. I just "popped into" softbank and they're investing in a Hollywood Studio...so the question is whether they'll use the platform for content push..or an e-commerce push to transform Sprint.....interesting times we live in :-)"

Every company is switching from its core functionality to something which uplifts the global outlook of the company as well as fetches many temporary or contracted long term partners. It also increases revenue if the capital is large and the company is serving a large consumer base.

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Joe Stanganelli 10/17/2014 | 8:03:52 AM

Re: How can sprint regain some momentum? @mhhf1ve: Either way, this really highlights the importance of perception over reality when it comes to marketing. Sprint may offer a better product and be focusing on that in its marketing conversation, but it's not participating in the same conversation everyone else is.

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MikeP688 10/7/2014 | 12:44:34 PM

Re: That takes me back You actually bring up; a very interesting question in terms of maybe creating "partnerships" to be able to expand the horizons--Amazon is trying with its' expansive ecosystem. I just "popped into" softbank and they're investing in a Hollywood Studio...so the question is whether they'll use the platform for content push..or an e-commerce push to transform Sprint.....interesting times we live in :-)

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DanJones 10/7/2014 | 12:26:51 PM

Re: That takes me back Yeah, maybe some of that Alibaba money will go towards to Sprint's network.

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Sprint Starts Layoffs, Will Take $160M Charge

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