OVERLAND PARK, Kan.-Sprint Corp. reported the results of its previously announced reorganization plan, which includes cutting 2,000 total jobs from its wireline and wireless business.
Sprint in September announced its goal of reducing total operating expenses by 5 to 7 percent during the next three years, moves that would include consolidating systems, eliminating redundancies, process re-engineering and organizational redesign and streamlining.
Sprint said its new organizational structure will go into effect Jan. 1 and will focus on serving the company’s two market segments-businesses and consumers. Sprint said the initiatives are expected to provide substantial operating performance and financial benefits to both its wireline and wireless group.
Sprint’s PCS stock was up about 5 percent to about $4.50 per share.
