Sprint looks for USD1.2bn savings from job cuts

27 Jan 2009

The loss-making US cellular operator Sprint Nextel has announced that it will cut its workforce by 13% as it streamlines its operations in an attempt to make annual cost savings of USD1.2 billion. The job cuts will be across all levels of the workforce and are expected to be carried out by end-March. The latest redundancies come on the back of 4,000 job cuts made last year. ‘Labour reductions are always the most difficult action to take, but many companies are finding it necessary in this environment,’ said Sprint CEO Dan Hesse. Last month rival operator AT&T announced that it was axing 12,000 jobs – 4% of its workforce – in an effort to cut costs.

United States, Sprint Corporation (now part of T-Mobile US)