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Sprint trimming 14 percent of workforce pre-Pre

Chris Ziegler

"Lean and mean" is one thing -- but Sprint's really swinging the axe at full force today, announcing that it'll eliminate some 8,000 more jobs from its arsenal of 60,000 mostly by the end of the first quarter on March 31. The move is expected to save the States' number three carrier about $1.2 billion a year in labor costs, and furthermore, the company will be suspending its retirement plan match, tuition reimbursement, and extending its salary increase suspension for another year. With any luck, the Pre will help turn Sprint's fortunes around -- but on the flipside, don't you need a healthy company to launch such a revolutionary (and likely overwhelmingly popular) device?

[Via mocoNews]

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