Sprint to Digest $150 Million Charge On Layoff Costs

[cdmagurus.com]

Sprint will be forced to take a $150 million charge to cover costs associated with laying off staff, according to a filing with the SEC. Sprint announced plans to cut an undisclosed number of staffers earlier this year. The cuts include both managerial and non-managerial employees across Sprint's business units. Sprint has not said how many employees will be affected, but believes the headcount reduction will be complete by the end of January. Sprint is working to trim some $2 billion in costs as it continues turn-around efforts.


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