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Sprint to Digest $150 Million Charge On Layoff Costs

Dec 22, 2015, 12:23 PM by Eric M. Zeman

Sprint will be forced to take a $150 million charge to cover costs associated with laying off staff, according to a filing with the SEC. Sprint announced plans to cut an undisclosed number of staffers earlier this year. The cuts include both managerial and non-managerial employees across Sprint's business units. Sprint has not said how many employees will be affected, but believes the headcount reduction will be complete by the end of January. Sprint is working to trim some $2 billion in costs as it continues turn-around efforts.

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erikpkp

Dec 22, 2015, 1:22 PM

T-Mobile Snack Baskets

Looks like this put sprint over the top. Now they have to layoff employees to recoup the cost of trying to recruit and win over T-Mobile employees...

chad-devote30

Investors are advising sell, not hold on the stock. They need a redo from the top down, need to get rid of radio shack stores, move away from storefronts and think about an online model or maybe even focus on prepaid.

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