Sprint Nextel to Lay Off 5,000 Workers

SPRINT NEXTEL ANNOUNCES PLAN TO LAY OFF 5,000 WORKERS
[SOURCE: Washington Post, AUTHOR: Charles Babington and Kim Hart]
Sprint Nextel, still losing cellphone customers despite changes in management and operations, plans to lay off about 5,000 employees in the coming months. The company suffered a net loss of about 300,000 wireless subscribers in the last quarter of 2006, said company officials, who projected lower sales for 2007 than analysts had anticipated. Most of the planned layoffs will be completed by early April, they said, and will be spread throughout the company. Sprint, the nation's third-largest wireless carrier, has about 64,600 employees.
http://www.washingtonpost.com/wp-dyn/content/article/2007/01/08/AR200701...
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