Sprint Trims Workforce, Reaffirms Guidance

Sprint will reduce its workforce by up to 1,100, including up to 850 employees in its Sprint Business Solutions (SBS) unit and up to 250 employees in corporate functions that support SBS, including Information Technology.



Sprint noted that it continues to expect full-year consolidated adjusted earnings per share to be in a range of 70 to 75 cents per share and consolidated full-year Free Cash Flow to be approximately $1.8 billion. Compared to previous guidance, lower contributions from the global markets division are expected to be offset by stronger performance in the PCS wireless division and steady performance in the local division. http://www.sprint.com