Sprint Remains Optimistic Despite Job Cuts, Net Losses
Sprint will cut about 2,000 employees after posting a $765 million net loss during its second fiscal quarter.By Matt Moreno | November 4, 2014
Things are not looking great for the nation's third largest wireless provider, Sprint.
Sprint posted a $765 million net loss for the second fiscal quarter and will now also be cutting loose about 2,000 employees — or roughly five percent of the company. (Video via Sprint)
The company has been going through a series of changes over the last few months — from a new CEO to a called-off merger with T-Mobile — and stayed relatively positive about Monday's news.