This morning Sprint announced that they will be cutting 8,000 jobs. The jobs in question will be cut by the end of March. Yet another sad sign of the times. The cuts are aimed to cut Sprint’s labor costs, the company estimates that these measures will save the company $1.2 billion per year. Also worth noting is Sprint has committed to freezing salaries in 2009, exactly as they did in 2008.
No doubt Sprint is hoping that the Palm Pre will be their savior (Palm too, of course!). In comparison to AT&T and Verizon, Sprint has been losing subscribers steadily, coupled with some real heavy losses. Not an optimal combination. For Sprint, the Pre can’t launch quick enough. It should be very interesting to view subscription stats once the Pre hits the market via Sprint. Will subscriptions increase, or will subscriber losses they are already taking on simply be offset with new Pre subscribers? Time will tell.