Sprint Corp. recently announced that 2,000 employees will be getting pink slips.

The carrier says it’s reducing its staff in an effort to lower the company’s “total operating expenses by five per cent to seven per cent over the next three years or more than US$1 billion annually.”

Sprint announced its plans to reduce costs in September. Jobs are being eliminated in nearly all departments, according to the carrier. The layoffs are also the result of the service provider’s reorganization.

Sprint has been restructuring the company into two divisions that will address the consumer and business markets. Previously the company was divided into several divisions, including wireless, global markets and local services.

Sprint says employees affected by the layoffs will receive severance packages based on length of service

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