Sprint announces lay-offs to stay competitive

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Sprint announces lay-offs to stay competitive

Sprint will cut 1,100 jobs over the next several months in order to be more competitive in the long-distance market.

The company will cut 850 workers in its Sprint Business Solutions (SBS) division and up to 250 employees in corporate jobs that support that division, including IT workers.

Affected employees will be notified by mid-July. 

The company said that 50% of the cuts would be in its Kansas City area headquarters. 

Sprint also plans to make some organisational changes in the SBS division to reduce costs and improve customer service. 

"While we are seeing growing customer acceptance of our integrated portfolio and experiencing strong wireless growth, we continue to see market pressures in our traditional long-distance business," said Howard Janzen, president of the SBS division. 

Sprint still expects to make its annual earnings projection of 70 to 75 cents per share when it releases its second-quarter earnings on 22 July.

Linda Rosencrance writes for Computerworld


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