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Sprint cuts 452 HQ jobs in IT, network and technology areas

Sprint cuts 452 HQ jobs in IT, network and technology areas

Sprint recently cut 452 jobs from its headquarters in Overland Park, Kan., an amount that equals about 6% of the 7,500 workers there.

Sprint recently cut 452 jobs from its headquarters in Overland Park, Kan., an amount that equals about 6% of the 7,500 workers there.

The company is expected to make more job cuts this month, including from other locations in the U.S., further lowering the ranks of its 33,000-person work force. Since January, the company has cut its ranks by about 5,000, from 38,000.

The latest headquarters cuts were in IT and portfolio management and Sprint's network, technology and product areas, according to a statement by spokesperson Roni Singleton. Some employees will work their last day on Nov. 7 and others will finish Nov. 14.

"Sprint is focused on competing aggressively in the marketplace," Singleton said. "We want our customers to pay less for a better value on a new networks. As part of this plan, we have to more closely align our cost structure with that of our competitors."

CEO Marcelo Claure signaled there would be job cuts in August shortly after taking on his new role. Claure also inaugurated a round of pricing reductions.

Even so, analysts expect the company to lose more subscribers and fall into fourth place among the nation's top carriers, behind T-Mobile.

An earnings call is expected in late October, although the date hasn't been scheduled, Singleton said.

Sprint's more than 5,000 job cuts in 2014 put it behind Cisco, with 6,000 job cuts (8%) announced for the year and Microsoft, with 18,000 job cuts (14%) planned for the year.

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Tags business issuessprintwireless carrierslayoffs

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