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October 2, 2015 10:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Iw58h5M1KNM/sprint-to-begin-layoffs-cut-25-billion-in-expenses
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.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/Iw58h5M1KNM/sprint-to-begin-layoffs-cut-25-billion-in-expenses
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