Sprint says it’s cutting more than 2,000 jobs in India
Posted On August 4, 2021
Sprint Corp. SA, -1.30% announced Monday that it has eliminated 1,300 jobs in a number of regions across India.
The layoffs include nearly 3,000 in Mumbai and Chennai.
Sprint said in a statement it expects the job losses to be completed by the end of the month.
Sprint plans to cut 4,500 jobs in the U.S. as it moves into a $45 billion merger with T-Mobile US, the company said.
Sprint’s stock has fallen sharply since it announced its plans to merge with T, citing the acquisition’s potential to create a “new and exciting future for our customers.”
Sprint has struggled to maintain subscriber growth despite the $4 billion acquisition.
The company had 4.4 million subscribers at the end last year, down from 8.4 to 6.6 million in the previous quarter.
The carrier has also faced criticism over the slow speeds and poor quality of data it offers.
In December, Sprint lost a court case with the Federal Communications Commission over its data throttling policy.
The court said it had no legal authority to force Sprint to provide consumers with more data when they sign up for plans.
In its court filing, Sprint said the FCC lacked the authority to require carriers to pay for the faster speeds they promised customers.
Sprint, which has also said it will make some network upgrades, has said it plans to open up its network to competition by adding new high-speed fiber optic lines.