NEW YORK (AP) — Cellphone company Sprint is eliminating more jobs as it seeks to cut costs and turn around its business.
Sprint spokesman Dave Tovar says the country’s No. 4 wireless service provider has cut about 2,500 jobs since last fall, or about 8 percent of its workforce. Last week, it notified employees at six customer service centers around the country that it would be closing those locations or reducing the staff there.
The latest round of layoffs follows 2,000 job cuts announced in November 2014.
Shares of the Overland Park, Kansas-based company are down about 39 percent in the past 12 months. The stock dropped 9.6 percent to $2.60 in afternoon trading Monday.
Most Read Stories
- Retired Alabama cop on Roy Moore: ‘We were also told to ... make sure that he didn’t hang around the cheerleaders’
- A Washington syrah was named second best wine in the world
- Expect record-high temps, 'copious rain' in Seattle area as we head toward Thanksgiving VIEW
- Fake field goal? An errant challenge? Blame Pete Carroll for Seahawks' loss to Atlanta
- Bicyclist dies in hit-and-run crash in Sodo, police say