Struggling telco Sprint Corp cuts $2.5B in opex; jobs, free snacks next

Sprint Corp - a subsidiary of Japan Softbank- and one of the largest mobile services provider in the US is currently on the way to cutting costs in the midst of deploying marketing strategy to recover lost subscribers.

According to IB Times the measures undertaken by Sprint to hit the target of $2.5 billion cost reduction would be sorely felt by its 31,000 strong employees.

Workers are expecting to be laid off with less generous severance pay and those lucky enough to stay onboard would have to continue without any raise in salary and may no longer avail of the daily snack perks of free yogurt and bottled water.

A depressing email from Sprint management was retrieved by The Wall Street Journal telling employees that "nothing is beyond consideration", alluding to having to take away the free yogurt and bottled water rations.

Sprint CEO Marcelo Claure was quoted saying, "As seen in our quarterly results, American consumers are happy to switch to Sprint because they appreciate great products and great service at a great price".