Heavy subscriber losses move new CEO to trim costs
(NEWSER) - Sprint Nextel announced a new round of job cuts and store closings today, the Kansas City Star reports. As it falls further behind in the wireless industry, the company will slash 4,000 jobs and 1,600 contractor positions. It also will shut 125 stores—8% of its total—and 4,000 distribution sites embedded in other stores. The cuts are some of the first moves by new CEO Daniel Hesse. More»
