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Sprint Corporation
Sprint says it's cutting 2,000 more jobs, reducing staff 5%
Sprint says it's cutting 2,000 more jobs, reducing staff 5%

Wireless carrier Sprint Corp. says it is eliminating 2,000 jobs, or about 5% of its staff, as part of an effort to cut $1.5 billion in annual spending. The company said the cuts will be made over the coming weeks and months, and it is still determining how many jobs will be cut from various divisions. Sprint announced a separate round of job cuts in early October, and did not say how many jobs were eliminated at that time. Sprint said Monday that job cuts would reduce its labor costs by a combined $400 million per year. The Overland Park, Kan., company is the third-largest cellphone carrier in the U.S., but it has lost billions of dollars in recent years as subscribers canceled contracts...

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