Ron Burgundy Posted November 3, 2014 Share Posted November 3, 2014 By Marina Lopes WASHINGTON (Reuters) - Sprint Corp announced on Monday it will fire 2,000 employees and it cut its 2014 adjusted earnings forecast as the company attempts to reduce costs and turn around several quarters of losses. The layoffs are expected to lower labor costs by $400 million a year and are the latest job cuts by the third largest U.S. carrier. The company reduced its forecasts for 2014 adjusted earnings to between $5.8 billion and $5.9 billion from $6.7 billion to $6.9 billion. ... View the full article Quote Link to comment Share on other sites More sharing options...
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