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Sprint shuttering 55 stores, 150 service centers

  • As part of the restructuring taking place at parent SoftBank's behest, Sprint (S +1.1%) is closing 55 of its worst-performing retail stores and 150 service/repair centers, and laying off 330 technical consultants.
  • In January, Sprint disclosed it had begun conducting layoffs, and would record $165M in Q4 charges related to them. Since then, the carrier has announced it's cutting 1.5K customer service jobs.
  • Sprint's headcount currently stands at ~40K.
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