OVERLAND PARK, Kan. (AP) - Sprint Corp. says in state filings that it has given layoff notices to 829 employees at its Overland Park campus in the past three months.
Sprint provided the information late Friday in a filing with the Kansas Department of Commerce, The Kansas City Star reported (https://bit.ly/1VgodwO ). The notice, filed with the state under a federal law designed to give workers more notice when there are mass layoffs, was posted long after markets closed. In trading Friday, Sprint shares had jumped nearly 15 percent, their best day in five months, rising 37 cents a share and closing at $2.87.
Job cuts have been expected since Sprint announced a $2.5 billion cost-cutting plan late last year. But Sprint hadn’t released any numbers until Friday. The number of layoffs in operations outside the Kansas City area hasn’t been disclosed yet.
About 6,000 employees would remain at the company’s Overland Park campus after the cuts, said Michelle Boyd, a Sprint spokeswoman. She also said the layoffs, some of which won’t take effect right away, were across Sprint’s various operations in Overland Park, including part of its customer care call center.
“Job reductions are never an easy thing to do, and we don’t make these decisions lightly,” Boyd said.
The layoffs announced Friday are part of the second wave of cost-cutting since Marcelo Claure became Sprint’s CEO. The first cuts eliminated $1.5 billion in costs and included job reductions totaling 2,000.
Information from: The Kansas City Star, https://www.kcstar.com
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