Oct 02 AT 6:09 PM Dima Aryeh 0 Comments

Sprint to cut up to $2.5 billion in spending, resulting in future job cuts


Sprint isn’t looking too good recently, and it shows from the latest decision by Sprint’s new CEO. The company aims to save between $2 and $2.5 billion dollars in the next 6 months, which is quite a feat considering it spent $7.5 billion in a three-month span ending June 30.

One way to save this money is for the financial department to review all spending requests. Another is to cut jobs, which is inevitable according to the CEO. Unfortunately for those working for Sprint, jobs are on the line.

Considering the company hasn’t turned a profit since 2006, cutting spending is important. On the other hand, building a better network (something Sprint is lacking in many important areas) is just as important to retain customers. Unfortunately, due to financial issues, Sprint will not be participating in the next wireless spectrum¬†auction.

Things are looking bleak for Sprint, but if only for competition, we hope that the company can stay afloat.

Via: Phandroid

Source: Wall Street Journal

Dima Aryeh is obsessed with all things car and tech. His time is split between gaming and fixing his racecar. He also does photography in his spare time.

    Most Tweeted This Week