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Daily Ticker: Sprint to Cut Several Jobs

February 18, 2012

Misc

As part of an overall organizational restructuring, Sprint Nextel will be slashing a small number of high level jobs.  The #3 wireless carrier  announced in January that they would be making some changes at the senior executive level.  The number of positions affected will be no more than 100, and will go into effect in March.The reduction in workforce is aimed at streamlining the business and putting resources into supporting its network and iPhone program.  It was widely reported that when Sprint was betting the farm on the iPhone launch. [Source: AllThingsD]

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  1. Daily Tickr: Sprint CEO pay rises 31% to $11.9M in 2011 | jobtrakr - March 27, 2012

    […] of annual losses, lags behind AT&T and Verizon, and just recently announced that it would be slashing jobs, Sprint CEO Dan Hesse get’s a 31% pay increase? Hesse’s total compensation package rose […]

  2. Does The Corporate Ladder Still Exist? | jobtrakr - February 23, 2012

    […]  When a corporate restructuring takes place, more times than not, it’s these guys at the top that usually get the ax.  They typically get a nice going away present, but they are still ushered out the […]

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