As part of its ongoing cost-cutting efforts, Sprint (NYSE: S) announced it has eliminated 452 jobs from its Overland Park, Kan., headquarters. This comes on top of approximately 5,000 jobs the company slashed between Jan. 1 to Sept. 30 of this year. And according to a report from the Kansas City Star, more job cuts are anticipated as part of the company's restructuring efforts.
Most of the current job cuts were in the IT and portfolio management area, according to the Kansas City Star, which also said that some employees in Sprint's network and technology area were impacted by this latest round of cuts.
Last month, Sprint spokeswoman Jennifer Schuler told FierceWireless that Sprint had cut 5,000 employees from Jan. 1 through Sept. 30. Those job reductions included positions eliminated due to the closing of call centers, as well as jobs related to refurbishing phones and the shutdown underperforming retail stores. Sprint currently has fewer than 33,000 workers, down from 38,000 at year-end.
This latest round of job reductions does not come as a surprise. Earlier this month, Sprint (NYSE:S) said in a filing with the Securities and Exchange Commission that it would book a $160 million charge related to job cuts. The carrier said the restructuring is expected to be largely completed by Oct. 31, and will include management and non-management positions.
In addition, Sprint CEO Marcelo Claure, who was appointed to the job in August, has said that he plans to eliminate certain segments of the business that are not thriving. "In times of turnaround, we will focus on must-haves. Nice-to-haves will have to go. We have an extensive line of nice-to-haves," Claure said during an investor call in September.
- see this Kansas City Star article
- see this AP article
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