Sprint Job Cuts To Reach 2,500 As Company Targets $2.5 Billion Cost Reduction

Sprint, the fourth largest American telecommunications carrier, announced that it will cut 2,500 jobs across all customer care centers, including some at its Kansas headquarters.

"We are in the process of significantly taking costs out of the business so the transformation of the company will be sustainable for the long-term. We are leaving no stone unturned as we work to eliminate up to $2.5 billion of costs from our business. Unfortunately, as we've said over the past several months, the effort to reduce our costs would impact all areas of our business, including jobs," Michelle Boyd, company spokeswoman, said on Monday, according to Bloomberg Business.

Most of the affected areas of business are in the customer service division, shutting down call centers in New Mexico, Tennessee, Texas and Virginia, while cutting jobs at Sprint's Colorado call centers and terminating 574 positions at the Kansas headquarters, according to Reuters.

The company will also explore infrastructure, wireless tower placement and roaming fees to other carriers in achieving the $2.5 billion cost reduction target.

The last time the company had major layoffs was in 2014, when 2,000 people were let go. But since then, Sprint Corp.'s shares still went down more than 39 percent in the past year, according to USA Today.

Tags
Sprint, Telecommunications
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