Sprint cuts 452 jobs at its Kansas headquarters

[Omaha Steve]

Source: AP-Excite

OVERLAND PARK, Kan. (AP) — Sprint Corp. has cut 452 jobs from its Overland Park headquarters as part of a previously announced cost-cutting effort, the nation's third-biggest cellphone carrier disclosed in a filing with the Kansas Department of Commerce.

The report, which was filed Friday, covers the first installment of layoffs planned throughout October. It doesn't cover any job losses outside the headquarters campus, although they are believed to be happening too, The Kansas City Star ( http://bit.ly/107Fwdt ) reports.

The company said earlier this month in a filing with the Securities and Exchange Commission that it was cutting an unspecified number of jobs to better compete with AT&T and Verizon. Sprint said it would book a $160 million charge in its fiscal second quarter to cover the layoffs, which include managers as well as other employees. It may take more charges for future job cuts.

Job reviews are still underway. Friday's disclosure said the local cuts were permanent and more would come.

FULL story at link.


Read more: http://apnews.excite.com/article/20141018/us--sprint_layoffs-d2e6c36090.html

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Oct 18, 4:18 PM (ET)

[Yavin4]

1. I thought that Gov. Brownback's conservative utopia would be loved by the job creators???

Was I wrong?

[jaysunb]

2. I'm not sure if this has anything to do w/ Brownbacks

policies, but it sure won't be very helpful in his campaign.

[Yavin4]

5. It does.

Conservatives have sold gullible Americans on the belief that if you cut taxes on the rich and corporations, then there will be plenty of jobs for everyone.

This shows that there is no connection between jobs and tax cuts.

[jmowreader]

3. Oh, they do love it so

They get all the job-creation-encouraging tax cuts in the world - AND they never have to create one job!

Do you want to use tax cuts to create jobs? Then make them so you get a certain amount cut from your taxes for every job you can prove you created.

[msongs]

4. sprint "books a charge" of $160 mil and the employees are unemployed with no benefits nt

[C Moon]

6. Sprint? I didn't even know they were still around. Sad for those who lost their jobs.

Hope they can find something much better!

[Mad-in-Mo]

7. I have a bad taste in my mouth when it comes to large corporations

I worked for one (not a telecom) for 25 years and was a victim of their layoffs in 2009. Witnessing their weird juggling of management and plant closures since that time has been disgusting. Profits before people, always. There is life after Big Corporation; maybe not as well paid, but it can be a good life. And it will be minus the MuckyMuck Managers who only have profits in mind. Best wishes to those affected at Sprint.