Sprint Nextel is preparing to cut thousands of jobs, according to the The Wall Street Journal.
The company's new CEO, Dan Hesse, is supposedly trying to show investors that he is serious about cutting costs, the newspaper's Web site reported late on Monday. A Sprint representative declined to comment on the story.
Exactly how many people could lose their jobs is not yet known. Last year the company cut about 5,000 jobs. At the end of the last quarter Sprint reported it had roughly 60,000 employees.
Sprint is the third-largest cell phone company in the U.… Read more