Sprint has just announced the latest round of layoffs which are expected to take effect by the end of October.
Sprint employees have had a rough year. Back in March, the company laid off over 330 employees from over 55 stores and now it looks like Sprint is in round two.
The job cuts are all part of the company’s plan to help reduce costs and to become more competitive. Especially now that the merger between T-Mobile has failed.
Currently, Sprint is the third largest wireless carrier in the US but compared to the others, they lack both competitive pricing and network coverage.
Sprints recently appointed CEO, Marcelo Calure hinted that layoffs would be on the horizon back in August but he also promised that the company would offset the layoff costs which are estimated to be close to $160 million.
While Claure stated that his employees have “tremendous value” he still had to “cut costs somehow.”
It is not clear what departments are most likely to be effected.