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Title: Sprint to slash 4,000 jobs after subscriber losses Post by: Alex on May 27, 2008, 09:15:12 PM Sprint to slash 4,000 jobs after subscriber losses
Sprint Nextel reported deeper-than-expected subscriber losses on Friday and said it would cut about 4,000 jobs, sending its shares down 19 percent to their lowest level in more than five years. The No. 3 U.S. mobile phone service has been losing ground to bigger rivals such as AT&T Inc amid network and customer service problems that drove away high-value post-paid customers who pay monthly bills. Read full story... http://feeds.feedburner.com/~r/neowin-main/~3/218937890/sprint-to-slash-4000-jobs-after-subscriber-losses |