More layoffs likely at Sprint Nextel

01/15/2008 | Wall Street Journal, The

Sprint Nextel plans to pare costs and improve operating efficiency with a new round of layoffs, perhaps in the order of a few thousand people, according to sources close to the company. Newly hired CEO Dan Hesse may be eager to show investors and analysts that he is willing to deliver strong medicine to aid the nation's No. 3 wireless provider. Sprint did not comment on the reports.

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