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Sprint CEO Plans to Slash More Jobs

'A few thousand' layoffs likely as company tightens belt

By Sam Biddle,  Newser Staff

Posted Jan 15, 2008 3:45 AM CST
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(Newser) – Daniel Hesse, the new CEO of Sprint Nextel Corp., plans another round of extensive job cuts, likely in the range of a few thousand, the Wall Street Journal reports. The layoffs come during a protracted period of poor performance for Sprint, the nation’s third largest cellular carrier, which analysts say has fallen far behind top rivals AT&T and Verizon in total customers and customer service.

Sprint purged 5,000 employees during an earlier round of cost-cutting last year, before Hesse took over. The Journal reports he's also considering a plan to consolidate the company's headquarters in suburban Kansas City, bringing Sprint and former Nextel execs together at one location for the first time since the two companies merged in 2005. The consolidation may also slow the rollout of Sprint's WiMax high-speed wi-fi service.

Cost cutting measures at Sprint Nextel could hinder the expansion of WiMax towers such as the one pictured here. (AP Photo/Jason DeCrow)
Cost cutting measures at Sprint Nextel could hinder the expansion of WiMax towers such as the one pictured here. (AP Photo/Jason DeCrow)   (Associated Press)
Former Sprint Nextel Corp CEO Gary Forsee speaks at a news conference in New York in this Aug. 8, 2006 file photo.(AP Photo/Mark Lennihan, file)
Former Sprint Nextel Corp CEO Gary Forsee speaks at a news conference in New York in this Aug. 8, 2006 file photo.(AP Photo/Mark Lennihan, file)   (Associated Press)
New Sprint Nextel CEO Dan Hesse, pictured here at the headquarters of his former company, is planning layoffs as a response to poor company performance.(AP Photo/Charlie Riedel, file)
New Sprint Nextel CEO Dan Hesse, pictured here at the headquarters of his former company, is planning layoffs as a response to poor company performance.(AP Photo/Charlie Riedel, file)   (Associated Press)
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Sprint's bullish talk on WiMax just a few days ago
Associated Press

 
layoffs • Sprint Nextel • WiMax • Reston, Virginia • Overland Park, Kansas

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