[Reuters] Sprint Nextel to cut up to 8,000 jobs, take charge

Posted by: UGN Security

[Reuters] Sprint Nextel to cut up to 8,000 jobs, take charge - 01/26/09 10:47 PM

NEW YORK (Reuters) - Sprint Nextel Corp, the No. 3 U.S. mobile service provider, said it will cut up to 8,000 jobs, or about 14 percent of its workforce, including its chief information officer, as part of a plan to reduce labor costs by $1.2 billion a year.