Sprint to cut 2,000 to 2,500 jobs

Sprint Nextel said it will cut 2,000 to 2,500 positions in the fourth quarter in an effort to save $350 million.

The cuts will be completed by December 31.

According to a statement, Sprint will cut jobs across the company, including its wholesale unit and contractors. The company said the cuts won't impact customer service, something the Sprint has been trying to improve. Nevertheless, Sprint said call volume has decreased so it has discontinued 27 call centers.

Sprint will take a fourth quarter charge of $60 million to $80 million. The layoff news comes as Sprint will reportedly sink another $1 billion into Clearwire.

Read the original post of "Sprint to cut 2,000 to 2,500 jobs" at ZDNet's Between the Lines.

[Gold_Storm_Mac]

so sad the economy is still claiming jobs though it is getting better.

[caspiansails]

I don't see the economy as getting better. Those who claim it must be getting better because of the lower numbers of unemployment claims cannot be justified. So the rate or numbers are lower but so are the number employed and continued cuts across the economy do not lend much credence to economic improvement. If we can see appreciable growth not related to stimulus or tax give-aways I would be more inclined to see improvement. Stock prices alone do not reflect improvement in economy but improvement in cost structures as companies trim costs to stabalize and improve profits. This tactic is not sustainable over time.

Sprint has seen quarter over quarter, and year over year losses. A large portion is attributable to the previous management team which seemed to have no clue and thought aquiring Nextel was the end of their responsibility and that magic would ensure growth. It did line some executives pockets though and perhaps for those teams that is all that mattered.

[Gold_Storm_Mac]

unemployment is rising

[highguard01]

thats just becuase people don't got imagination any day the week i can make millions of jobs for people to do
and we can build upon there faith a trust to carry on in make our country great again!

[highguard01]

Awesome 2,500 people less spreading wireless cell phone cancer waves. its proven will prove it again we dont want your phones our teenagers die using them daily. And im not the only one waiting at a stop sign becuase someone else is texting or trying to find a number.you start trying to get our tax money and you might need to find a new wave to communicate on.