Sprint to Axe 5,000 Jobs
An AP newswire article by Bruce Meyerson, via SFGate.com, reports that:
Sprint Nextel Corp. reported Monday that its cell phone business suffered a net loss of 300,000 monthly subscribers in the fourth quarter and that the struggling wireless company will cut 5,000 jobs.More here.
The company's stock plunged more than 7 percent after the financial update, which included a 2007 outlook shy of many Wall Street forecasts.
posted by Fergie @ 1/08/2007 03:31:00 PM
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