Sprint Corp. announced Monday that it would layoff at least 2,000 employees.
The cuts, which are expected to save Sprint around $400 million, are part of an aggressive cost-cutting package introduced by CEO Marcelo Claure, a Bolivian businessman who took over from ousted CEO Dan Hesse in August.
“The Sprint brand was weak," Claure told investors during an earnings call Monday. "We had no clear value proposition for consumers. The measure of our own customer’s willingness to recommend Sprint was the lowest among the four big wireless carriers.”
As one of the Kansas City area’s largest employers is bracing for another round of job cuts, the community is busy speculating on how large this wave will be.
Last week, Overland Park-based Sprint Corp.’s new CEO, Marcelo Claure, told investors that as the telecommunications company attempts to cut costs, the firm also would shed management employees, the Kansas City Business Journal reports.
The Sprint Accelerator, is a sleek, modern communal work space occupying two floors of an old brick building in Kansas City’s Crossroads neighborhood. It has white board walls and tables for entrepreneurs to sketch out their ideas. It features massive oddly shaped chairs, lots of sunlight, and the startup-requisite game room featuring indoor shuffleboard and foosball.
Sprint Corp. is ending its attempt to acquire T-Mobile US Inc., and Dan Hesse will no longer be CEO of the company, according to media reports out Tuesday.
The Wall Street Journal reports that "people familiar with the matter" say Sprint and its parent company SoftBank will not pursue the deal any further because it would too difficult to win approval from regulators.
When Sprint CEO Dan Hesse appeared on a recent episode, he didn’t say much about the anticipated merger of his company with T-Mobile. Since then, talk of a merger between the third and fourth largest US wireless companies hasn't diminished. And one of the companies is based right in our backyard.
On Tuesday's Up to Date we explore the process of corporate mergers and what this one might mean for Sprint's Overland Park campus.
When it comes to employment and industry, Sprint is a giant in Kansas City, but that status doesn’t come without some issues.
On Tuesday's Up to Date, Sprint CEO Dan Hesse joins us to talk about rumors of a potential merger with T-Mobile, what a recent quarterly report says about the company and what presses Hesse’s buttons when it comes to audio quality.
Sprint Corp. has worked out a $32 billion deal to acquire T-Mobile US Inc., according to reports Wednesday.
The deal was reported by varying media outlets, including the Kansas City Star, but no sources were identified. Sprint has not confirmed the reports and a spokesman for the company declined to comment to The Star.
Sprint Corp., based in Overland Park, Kan., has been losing subscribers to bigger rivals for years. One way to reverse that trend would be to merge with another carrier, and Sprint is reportedly eyeing the fourth largest wireless provider, T-Mobile, for acquisition.
When the Wall Street Journal published a report, citing unnamed sources, that Sprint was getting ready to try to buy T-Mobile, lots of industry analysts treated it as old news.
In his Overland Park, Kan. office, Dr. Rohit Krishna administers an eye test, but he isn't using big contraptions or wall charts. Krishna administers the entire test on his iPad using an app called The Eye Handbook. Krishna created The Eye Handbook about four years ago with other University of Missouri - Kansas City medical professors and residents. It is designed especially for use in countries that don't have a lot of medical services.
Reporter Mark Davis covers Sprint and the wireless industry for the Kansas City Star. He sat down with KCUR's Susan Wilson to discuss the details of the Sprint-SoftBank deal, and what it means for Sprint customers and the Kansas City area at large.
Shareholders in Sprint Nextel Corp. have approved a $21.6 billion sale of 78 percent of the company to Tokyo-based SoftBank Corp.
The vote in Overland Park, Kan. Tuesday comes at the end of months of negotiations that originally included a $25.5 billion offer to buy all of Sprint from Dish Network. Dish Network has since retreated from that offer, but may still pursue shares of Sprint network provider, Clearwire.