From ComputerWorld: Sprint will likely cut its 31,000-person workforce as part of up to $2.5 billion in cost reductions in the next six months, a company spokesman said Friday.
"It's likely some jobs will be impacted by this [cost-cutting] process, but it's premature to talk about details," said Sprint spokesman David Tovar in a telephone interview on Friday.
In addition to 31,000 workers, the company also employs about 30,000 contractor employees, he said. Sprint, with 57.7 million customers, fell to the nation's fourth largest wireless carrier in August, behind T-Mobile.
The cost-cutting plan of $2 billion to $2.5 billion was described in an internal memo to employees, sent by new chief financial officer Tarek Robbiati, and distributed earlier this week, Tovar said. "We just want to make sure employees know what's happening," he said.
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