Sprint To Begin Layoffs, Cut $2.5 Billion In Expenses

An anonymous reader writes: Sprint's struggles to remain a major carrier continue. Just a few days after announcing that it is dropping out of a major low-band spectrum auction, the company now says it must cut between $2 billion and $2.5 billion in costs over the next six months. The cuts will need to be aggressive — according to the Wall Street Journal (paywalled), Sprint "had $7.5 billion in operating expenses during the three months ended June 30," even as it cut $1.5 billion over the past year. The only good news for Sprint is that its subscriber base is still slowly growing, though not quickly enough to keep pace with T-Mobile, let alone Verizon or AT&T.

Comments

Re:They did it to themselves

[JustAnotherOldGuy]

I have never been treated so poorly or lied to so much by any other company than Sprint. They will basically tell you what ever you want to hear with absolutely no basis in fact. I find it hard to believe they have any customers.

True. You can tell when a Sprint rep is lying because his lips are moving.