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Analyst predicts "significant" job cuts in January, possible price drops for Sprint

Darren Murph

Not even a month after Sprint began offering voluntary buyout packages to an unspecified number of employees and just weeks after John Garcia decided it best to extend his Thanksgiving holiday into forever, in flies an analyst report asserting that sweeping layoffs are just around the bend. Pali Research's Walter Piecyk also expects the carrier to reduce prices to pick up lost ground to rivals AT&T and Verizon Wireless. A company spokesman proclaimed that "nothing was off of the table" and that "every option" would be scrutinized, but as of now, no decisions have been nailed down around the 2009 budget plan. Better get on that, wouldn't you say?

[Via CellPhonesMarket]

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