Despite the sound and fury coming from Dish and Sprint investors, Sprint's acquisition of Clearwire and Sprint's acquisition by Softbank should essentially be a done deal by mid year. Clearwire employees this week attended severance and retention meetings to hash out who is sticking around, and who'll be getting the boot as the companies figure out positional redundancies. Clearwire HR is rumored to have met with Clearwire employees individually to discuss "severance payments in the event that your position is impacted after a close." As is usually the case, Clearwire had previously suggested there wouldn't be any layoffs from the acquisition.
The boot in the azz package isn't normally that bad. When I was let go from Sprint in 09, I got a very good package plus I still get my phone discounts where those left behind and working for Erricson (sic?), they were moved to a normal phone account (no SERO or cheaper phone plans).
Well, Clearwire sold their Spanish business to local criminals to avoid having to pay severance to their 37 employees here. We are pressing criminal charges against the CFO and CAO and hopefully they will soon get their coming.
Better luck to those CW employees being terminated in the US, but don't count on it.
