Sprint aims to layoffs for economic solution

New chief executive of Sprint Nextel Corp. reportedly plans to lay off "several thousand" workers as part of an effort to reduce costs at the struggling wireless-phone company, which has been losing thousands of key subscribers to rivals. The aim for new hired members if sprint is to gain control over corporate expenses and increase excitement in investors according to an article in the Wall Street Journal on Monday. Sprint, which has around 60,000 employees, already cut its payroll by about 5,000 jobs last year. Many of the loss of jobs is not all focused on the down spiral of the economy but because of sprints competitors like AT&T and Verizon Wireless, which are the two largest US mobile operators. Sprint still supplies to nearly 54 million subscribers, but AT&T and Verizon have widened their base of operations and now serve more than 64 million customers each. Cutting prices could be a possible solution, but that still doesn’t make a big enough dent in the competitions supplies and advantages. The sprint customers will continue to stay away from sprints products as long as news like this continues and its reasonable poor customer service.
As a Nextel user myself, I agree with horrible complaints and comments, that other users claim. The reception is horrible, every text comes in slow, and its overhaul experience is weak and un attractive. When I first heard the news of the released job from sprint, it came in no surprise. They haven’t spread market ideas into technology like other companies have, which also gives other companies an edge over sprint.