Sprint-Nextel To Cut 8,000 Jobs

Sprint-Nextel To Cut 8,000 Jobs

The firm said that over the next few months it would cut some 8,000 of its employees, about 10 per cent of staff, in an effort to weather the ongoing economic crisis. The company expects the cuts to generate savings of $1.2bn (£848m) annually.



While the cuts will be made at all levels and branches of the company, Sprint said that the customer service department would see fewer job losses owing to its strong performance of late.

The company has said that 850 of the job cuts will come from a voluntary layoff plan that it has been offering since last autumn.