Sprint Executives Being Laid Off

Sprint, a U.S. based cellular phone service provider just announced that it will be laying off several executives in an effort to revive the sinking company. The company's chief financial officer, chief marketing officer, and its president of sales and distribution will all be stepping down tomorrow. Sprint lost 639,000 postpaid customers in the fourth quarter and the current job cuts are surely in an effort to help the company. Whether the company can bounce back, we will have to wait and see.