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Broadband & Mobile Featured Article
January 14, 2008
Reports: Sprint to Lay Off Several Thousand Employees
By Mae Kowalke TMCnet Senior Editor
Wireless service provider Sprint (News - Alert) Nextel Corp reportedly will soon be laying off several thousand workers in a cost-cutting measure initiated by new CEO Dan Hesse.
Wall Street Journal broke the news Monday afternoon, attributing its information to “people familiar with the matter.”
Hesse took his new post in December, and apparently is getting serious about showing shareholders he’s committed to whatever cost-cutting measures are necessary to keep the company operating in the black.
A year ago Sprint announced a cut of 5,000 jobs, layoffs now complete, bringing the company’s workforce to just under 60,000, Reuters said. Reportedly Sprint is also considering consolidating its headquarters in Kansas.
As of the publishing of this article, Sprint had not yet confirmed or denied the rumor about more job cuts, saying only in a written statement that it does not comment on speculation, Kansas City Business Journal reported.
Apparently because the news broke late in the afternoon, New York Stock Exchange prices for shares of Sprint were mostly unaffected by the news as of last trade before closing: $12.36 at 4:00 p.m., up $0.11 from previous close of $12.25.
Mark your calendars! Internet Telephony (News - Alert) Conference & EXPO—the first major IP
communications event of the year—is just days away. It’s not too late to register for the event, which takes place in Miami Beach, FL, January 23–25, 2008. The EXPO will feature three valuable days of exhibits, conferences and networking that you won’t want to miss. So what are you waiting for? Sign up now!
communications event of the year—is just days away. It’s not too late to register for the event, which takes place in Miami Beach, FL, January 23–25, 2008. The EXPO will feature three valuable days of exhibits, conferences and networking that you won’t want to miss. So what are you waiting for? Sign up now!Mae Kowalke is an associate editor for TMCnet, covering VoIP, CRM, call center and wireless technologies. To read more of Mae’s articles, please visit her columnist page. She also blogs for TMCnet here.
, CRM, call center and wireless technologies. To read more of Mae’s articles, please visit her columnist page. She also blogs for TMCnet here.
