Latest in Budgetcuts

Image credit:

WSJ: Sprint's cutting budgets by $2.5 billion, layoffs inbound

Share
Tweet
Share
Save

Sponsored Links

Plenty of digital ink's been spilled over Sprint's financial woes of late, and sadly here's some more. The Wall Street Journal's reporting that the Now Network is prepping to cut some $2.5 billion in costs that will "inevitably result in job reductions." However, Reuters says that its a bit early to start talking numbers regarding the latter bit. The company's also stopped outside hiring and apparently any money spent has to go through the carrier's finance department for approval from here on out. Maybe don't expect to see more $1 iPhones or free DirecTV service anytime soon, then.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Dark mode is coming to WhatsApp for Android

Dark mode is coming to WhatsApp for Android

View
Facebook's new robot AI can get around efficiently without using a map

Facebook's new robot AI can get around efficiently without using a map

View
Is this the back of the Xbox Series X?

Is this the back of the Xbox Series X?

View
Amazon Pharmacy may expand to the UK, Canada and Australia

Amazon Pharmacy may expand to the UK, Canada and Australia

View
Bloomberg: Apple will start making a smaller, cheaper iPhone in February

Bloomberg: Apple will start making a smaller, cheaper iPhone in February

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr