Sprint lays off 330 techs, shutters 55 stores as part of broader cuts

Sprint recently cut a significant chunk of its staff dedicated to repairing and refurbishing phones and shut down its slower-performing stores, part of a broader effort to reduce the company's costs in the face of continued financial struggles.

Sprint laid off 330 technical consultants, closing 150 service and repair centers across the country. It also shut down 55 of its worst-performing retail stores. The moves were part of a larger plan for layoffs and cuts that was announced in January.

Sprint is attempting to streamline itself and return to profitability now that it is under the ownership of Japanese carrier SoftBank. The company, while narrowing its loss from a year ago, was still in the red by $1.62 billion in the fourth quarter amid declining revenue. In January, the company warned it would cut jobs in areas including customer care centers and less-profitable retail stores, according to the Kansas City Star. Earlier, Sprint said that it is cutting about 1,550 customer service jobs.