3rd-largest wireless outfit has lost millions of subscribers
(AP) - Sprint Nextel is eliminating about 8,000 positions in the first quarter as it seeks to cut annual costs by $1.2 billion. The third-largest US wireless provider said it will complete the layoffs, about 14% of its 56,000 employees, largely by March 31. About 850 of the reductions are voluntary and the company said it expected a first-quarter charge of more than $300 million for severance and other costs. More»
