Jan 26
Telecom giant Sprint Nextel today became the latest in a long line of tech companies to announce massive job losses. The Kansas-based company plans to cut some 8,000 jobs by the end of March, in attempt to reduce labor costs by $1.2 billion over the course of the year.
Of the 8,000 cuts, the company expects 850 to come as part of its “voluntary separation plan.” The company is also extending a freeze on salaries and suspending its 401(k) match for the year.
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