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- Massive layoffs announced by Sprint Nextel on Monday, January 26, 2009
- Company said 8,000 jobs would be cut by March 31, 2009
- Sprint said the cuts would reduce costs by approximately $1.2 billion annuallySprint: Sprint Nextel Announces Actions to Reduce Labor Costs...
- Sprint said the job losses "will impact all levels of the company"Sprint: Sprint Nextel Announces Actions to Reduce Labor Costs...
- Company said about 850 positions would be cut under a "voluntary separation plan"Sprint: Sprint Nextel Announces Actions to Reduce Labor Costs...
- Sprint also said it was suspending its 401 (k) match for 2009Sprint: Sprint Nextel Announces Actions to Reduce Labor Costs...
- A salary freeze was extended for 2009Sprint: Sprint Nextel Announces Actions to Reduce Labor Costs...
- Company also said its tuition reimbursement program would be suspended for the yearSprint: Sprint Nextel Announces Actions to Reduce Labor Costs...
- Sprint employed about 56,000 people worldwide as of January 26, 2009AFP: US telecom Sprint Nextel cuts 8,000 jobs (January 26, 2009)
- Sprint announced layoffs of about 4,000 workers in January 2008WashingtonPost: Sprint Nextel to lay off 4,000 after customer losses
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The Sprint Nextel Corporation announced on January 26, 2009, that it would cut approximately 8,000 jobs by March 31, 2009. In a press release, the telecommunications provider said the layoffs would "reduce internal and external labor costs by approximately $1.2 billion on an annualized basis." The Kansas-based company is the third-largest wireless provider in the U.S.Sprint: Sprint Nextel Announces Actions to Reduce Labor Costs...
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2008 Layoffs
On Friday, January 18, 2008, Sprint Nextel announced it would layoff about 4,000 workers and reduce the contractor staff-on-hand. The company blamed a downward trend in revenue, subscriber growth and profitability for the decision to cut jobs.WashingtonPost: Sprint Nextel to lay off 4,000 after customer losses -
Quote
"Labor reductions are always the most difficult action to take, but many companies are finding it necessary in this environment. We continue to improve the customer experience and these improvements are reflected in much higher levels of satisfaction in customer surveys and in independent performance tests. Our commitment to quality will not change."— Dan Hesse, Sprint CEOSprint: Sprint Nextel Announces Actions to Reduce Labor Costs... -
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Sprint Layoffs Questions
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