Sprint this week revealed that its redundancy programme will cost US$150 million (€136.7 million), which will be accounted for in the U.S. telco’s fiscal third quarter, which ends on 31 December.
In an SEC filing on Monday, Sprint said it began cutting staff on 16 December.
"This planned reduction is expected to be largely completed by January 31, 2016 and will include certain management and non-management positions," the company said. The redundancies will "improve operational efficiencies and reduce costs."
Sprint first announced plans to cut jobs and implement an external hiring freeze in early October as part of a plan to save $2 billion-$2.5 billion; however, it has not disclosed exactly how many positions will go.
At the time, CFO Tarek Robbiati, who was appointed in August, urged staff to treat every dollar spent as though it were their own.
Judging by the tone of Monday’s SEC filing, this round of job cuts could be the first of many.
"Additional material charges associated with future labor reductions may occur in future periods," Sprint said.
According to its most recent annual report, Sprint employed 31,000 staff as of 31 March 2015.
