Cingular Wireless Projecting Job Cuts of 10 Percent
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Cingular Wireless expects to cut its work force of 68,000 by about 10 percent over the next year to 18 months as it digests its merger with AT&amp;T Wireless Services, Cingular&#39;s chief executive has said.
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Sprint Nextel Corp  reported  deeper than expected subscriber losses on Friday and said it  would cut about 4,000 jobs, raising fears of a slowdown in the  U.S. wireless industry, and its stock dropped nearly 25  percent.
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Citigroup  is considering cutting  5 percent to 10 percent of its work force, which totals  327,000, CNBC television reported on Monday, without citing  sources.
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Sprint Nextel , the No. 3 U.S. mobile service, said on Friday it will cut about 4,000 jobs and close about 8 percent of its stores, predicting further pressure on its ability to attract subscribers and turn a profit in 2008.
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Cingular Wireless, the largest U.S. wireless phone company, said Wednesday it expects to report a profit and positive cash flow in 2005, one year earlier than planned, following its $41 billion purchase of AT&#38;T Wireless Services Inc.
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Cingular Wireless LLC, the largest wireless operator in the US following its $41 billion acquisition of AT&amp;T Wireless Service Inc, plans to axe 7,000 jobs, about 10% of the post-merger workforce.
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Cingular Wireless LLC plans to cut at least 10 percent of its newly combined staff, or around 7,000 of its 68,000-strong workforce, chief Stan Sigman said.
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DaimlerChrysler is predicted to be on the verge of unveiling up to 10,000 job cuts at its struggling US Chrysler unit.
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SBC Communications  will cut 10,000 jobs from its workforce through the end of 2005 using attrition and involuntary cuts, the company said in a filing with U.S. market regulators on Friday.
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AT&amp;T Corp. will cut more than 20 percent of its workforce this year, ratcheting up its planned layoffs from a previously estimated target of 8 percent, the long-distance telecommunications carrier announced Thursday.
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SBC Communications Inc. plans to cut at least 10,000 jobs, or 6 percent of its work force, by the end of next year to compensate for a drop in the number of local-telephone customers.
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Intel Corp.  said on  Tuesday it will cut a total of 10,500 workers, or 10 percent of  its workforce, by the middle of next year, as part of a  restructuring aimed at making the world's biggest chipmaker  more competitive.
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Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.
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SBC Communications expects to cut 10,000 or more jobs by the end of next year through layoffs and attrition. That&#39;s about six percent of the San Antonio-based company&#39;s work force.
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SAN JOSE, Calif.  --  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  --  about 10 percent of its work force  --  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.
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SBC Communications said in a quarterly filing that it will lay off 10,000 workers by the end of next year but plans to continue hiring in its wireless and broadband access divisions.
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US mobile phone giant Cingular announces plans to cut about 7,000 jobs in the next 12 to 18 months.