Sprint to reportedly finalize cutting $1 billion through layoffs, moving cell towers

sprint iphone forever leasing promotion
dcwcreations / Shutterstock
It’s no secret that Sprint will be making quite a few layoffs by the end of this month — the company announced so last fall, along with a plan to cut nearly $2 billion in costs to save itself from losses.

The company has now finalized that plan and it hopes the overhaul will save up to $1 billion, according to Re/code. The plan will see Sprint relocating its radio equipment beginning in June or July to government-owned properties, which is cheaper than its current leasing partners Crown Castle and American Tower.

Sprint also pays AT&T and Verizon more than $1 billion, as it depends on their fiber-optic cables to connect to its cell towers. Re/code says the company will attempt to use microwave technology instead of paying its competitors from now on, a practice used by Clearwire, which Sprint now owns. To manage this infrastructure, Sprint could be partnering up with Mobilitie, a private company that installs and manages infrastructure for other carriers’ high-speed networks, according to Re/code.

And it’s not looking good for the company’s employees, who likely have been counting down the days to inevitable layoffs. The cuts will begin taking place on January 22 and will likely be complete by January 30, according to Re/code, as the company wants its employees to be able to get good severance pay. The company announced in October that it intends to cut severance pay by 50 percent later in 2016.

In September of 2015, Sprint also said it would sit out the next wireless airwaves auction in March, where the U.S. government will likely buy airwaves from broadcast networks and sell them to wireless carriers.

A source told Re/code that the new initiative, called the Next Generation Network, will be incredibly disruptive and could possibly result in low coverage in areas where Sprint has few customers. Eventually, the carrier wants to use small antennas called mini macros to increase its network capacity.

We aren’t able to verify this information, and Sprint did not respond to our comment requests. We’ll update this post when we receive more information.

Mobile

Razer’s Wireless Charger will turn your desk into gamer heaven

The Razer Wireless Charger adds colorful flair to your desk or bedside table. It works with any phone that supports Qi wireless charging -- with some quirks -- but is it worth the high price tag? We take a look.
Mobile

T-Mobile 5G rollout: Everything you need to know

2019 will be a huge year for T-Mobile. Not only is a merger with Sprint likely, but T-Mobile is also in the midst of building out its next-generation mobile service. Here's everything you need to know about the T-Mobile 5G rollout.
Business

Apple banned from distributing some iPhone models in Germany

Apple is following the FTC's lead and has sued Qualcomm for a massive $1 billion in the U.S., $145 million in China, and also in the U.K., claiming the company charged onerous royalties for its patented tech.
Home Theater

Plex is the latest player to contemplate the subscription streaming game

With massive reach thanks to its client app being supported virtually every media device on the planet, Plex is now looking at the future of its media curation platform. A future that may include free and subscription services.
Mobile

Google Fi is getting support for the next-gen messaging standard, RCS Chat

Google has been pushing the development of the RCS Chat standard, and now it's finally bringing that new standard to its own carrier -- Google Fi. With Chat, customers will get features like read receipts, better group messaging, and more.
Computing

What is fixed wireless 5G? Here’s everything you need to know

Here's fixed wireless 5G explained! Learn what you need to know about this effective new wireless technology, when it's available, how much it costs, and more. If you're thinking about 5G, this guide can help!
Emerging Tech

Awesome Tech You Can’t Buy Yet: camera with A.I. director, robot arm assistant

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Gaming

Xbox app lets you access your console while away from home. Here's how

Microsoft's Xbox allows you to access your profile information and launch media content directly from your mobile device. Check out our quick guide on how to connect your smartphone to an Xbox One.
Wearables

The best Apple Watch bands and straps to stylize your timepiece

If you have an Apple Watch, you know how easy it is to take off the strap it came with, so why not buy yourself another one? Here, we've gathered the best Apple Watch bands we've seen so far. There's something for everyone.
Mobile

How to choose an iPad in 2019: A practical guide to Apple’s tablets

Selecting an iPad from Apple's lineup can be intimidating, but it doesn't have to be. Our comprehensive guide should put the numbers and specs in practical, easy-to-understand terms. Find your ideal iPad with the help of our guide.
Mobile

Apple resurrects the iPhone SE with brand-new units starting at $249

Apple quietly started selling the iPhone SE again, at even lower prices than when it was discontinued four months ago. Brand new units of the 32GB version are on sale for $249, while the 128GB version is going for $299.
Android

Popular Android navigation apps are just Google Maps with ads, researcher says

A malware researcher found that 19 free Android navigation apps on the Google Play Store were nothing more than Google Maps, but with ads. One of the apps asked for a payment to remove the ads, while some of them presented security risks.
Mobile

Google Maps will now help drivers stay within speed limits, avoid speed traps

Google Maps will now start showing speed limits and speed camera locations, so that drivers will not be flagged for speeding tickets. The new features arrive to the app years after they were introduced in Waze.
Mobile

Text up a storm with the best messaging apps for iOS and Android

These days, most people tend to favor digital messages over phone calls. We have the best messaging apps that allow you to share photos and documents, send text messages, and more with end-to-end encryption.