A sign marks an entrance to Sprint’s, Reston, Virginia headquarters.
The Wall Street Journal reports that Sprint is going to lay off thousands, and possibly move it’s headquarters back to Overland Park, Kansas. This follows a string of business relocations from the Dulles Technology Corridor in 2007 including PRA leaving for North Carolina, and AOL moving to New York.
The tip comes from an anonymous source. As usual a Sprint spokesman said, “We don’t comment on rumors.”
The 59,000 strong company would pink slip about 5,000 people. As customers have run from low quality service, and non interoperability between Sprint and Nextel’s network, corporate income has taken a serious decline. Sprint leadership has taken drastic measure to shore up revenues including an announcement in early 2007 about job layoffs. In todays trading Sprint’s share price fell 3 cents to $12.33.
Sprint currently maintains operational headquarters in Overland Park. Almost 13,000 work in the Kansas location, while a little less than 5000 work in the Washington, DC area. Reston only became Sprint’s headquarters after its 2005 takeover of Nextel.
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