Sprint to lay off several thousand workers: report
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Sprint Nextel Corp , the No. 3 U.S. mobile service, plans to lay off several thousand of its 60,000 employees, the Wall Street Journal reported on Monday.
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Sprint Nextel, the No. 3 U.S. mobile service, said it will cut about 4,000 jobs and predicted further pressure on its ability to turn a profit in 2008.
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Nokia Corp. said Thursday it will lay off up to 700 people globally, mostly in its enterprise business operation, in a move to increase efficiency and improve competitiveness.
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By DAVID TWIDDY    KANSAS CITY, Mo.  -- Sprint Corp...
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Sprint Nextel , the No. 3 U.S.  mobile service, said on Friday it would cut about 4,000 jobs  within the company, close 125 stores and reduce its use of  outsourced services to improve its financial performance.
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Unisys Corp. said Wednesday night that it plans to lay off about 1,400 employees, mostly in general and administrative areas. The computer hardware, software and services company didn&#39;t say how many of the
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Nokia Corp., the world's biggest mobile phone maker, said Tuesday it plans to lay off "a few hundred" research and development workers globally, including up to 250 in Finland, in a move to cut costs.
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Sprint Nextel Corp.'s stock plunged Friday after the wireless carrier said it will cut 4,000 jobs and close 125 retail locations in response to a steep drop in its customer base.
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Sprint is attempting to rid itself of customers who frequent its customer service lines by informing them that it would cancel their service effective July 30.
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Sprint Nextel Corp  reported  deeper than expected subscriber losses on Friday and said it  would cut about 4,000 jobs, sending its shares down 26 percent  and raising fears that an economic slowdown would take a  greater toll on the wireless industry .
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As expected, Yahoo Inc   began carrying out lay-offs up to 1,000 employees on Tuesday,  as part of job cutbacks announced last month, several employees  at the company's headquarters said on Tuesday.
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SBC Communications (SBC) 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 US market regulators on Friday.
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As expected, Yahoo Inc  began carrying out lay-offs up to 1,000 employees on Tuesday, as part of job cutbacks announced last month, several employees at the company's headquarters said on Tuesday.
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SBC Communications SBC.N 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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The Wall Street Journal reports that the No. 3 cell phone operator in the country is preparing to lay off thousands of workers to help get its business back on track.
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Bank of America Corp. plans to lay off hundreds of tellers and other branch employees at Fleet banks today, asking them to leave the building immediately as part of the process, according to documents obtained by the Globe and Fleet branch managers told of the decision.
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Sprint Corp., the telecommunications giant, said yesterday it will cut 700 jobs in its business solutions division as it stops selling business long distance services outside of package deals.