Cingular lays off 7,000
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US mobile firm Cingular is laying off 7,000 people, or ten per cent of its workforce, as part of its integration of AT&amp;T&#39;s wireless unit.
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Cingular Wireless completed its purchase of AT&amp;T Wireless yesterday after the Federal Communications Commission signed off on the $41 billion deal that creates the country&#39;s largest mobile phone provider.
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Sprint Nextel will lay off about 4,000 employees and close about 125 retail outlets after it suffered a net loss of more than 100,000 customers in the fourth quarter of 2007, the company said Friday.The layoffs and other cost-cutting measures are expected to save the company $700 million to $800 million a year, the company said in a news release.The company reported a net gain of 500,000 subscribers through wholesale channels, growth of 256,000 Boost Unlimited users and net additions of 20,000 subscribers within affiliate channels. These gains were offset by net losses of 683,000 post-paid subscribers and 202,000 traditional prepaid users.At the end of the year, Sprint had 53.8 million subscribers, including 40.8 million customers of its traditional post-paid service.In addition to the layoffs, to come in the first half of the year, Sprint plans to close about 8 percent of its company-owned retail locations and eliminate more than 4,000 third-party distribution outlets, the company said. Sprint now has 20,000 total distribution points, including nearly 1,400 company-owned retail locations.Sprint will announce its full fourth-quarter results on Feb. 28.
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Cingular Wireless, the nation&#39;s largest cellular phone company, plans to cut about 10 percent of its work force, or 7,000 jobs, as a result of its purchase of AT&amp;T Wireless, the company said yesterday.
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South Korean mobile phone maker Pantech  is expected to supply more than 3.5 million handsets to U.S.  mobile operator Cingular Wireless in 2007, up from 1 million  estimated for this year, a local media report said on Thursday.
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The Department of Justice announced today that it has reached a settlement requiring Cingular Wireless Corporation to divest assets in 13 markets in order to proceed with Cingular Wireless&#39;s $41 billion acquisition of AT&amp;T Wireless.
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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.
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WASHINGTON (CBS.MW) -- Motorola plans to eliminate 1,000 jobs in connection with the spinoff of its semiconductor unit. Free! Sign up here to receive our Weekly Roundup e-Newsletter!
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AT&T Corp. T.N, the No. 3 U.S.  telephone company, on Thursday reported a $7.1 billion  third-quarter loss due to $12.5 billion in charges for cutting  asset values and jobs as it retreats from consumer services.
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Cingular Wireless will cut about 7,000 jobs, or 10 percent of its work force, to cut costs as it integrates recently purchased AT&T Wireless, the company said on Tuesday.
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Federal regulators yesterday announced nearly $7.7 million in settlements with six companies accused of calling people on the national Do Not Call list.
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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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Cingular Wireless on Tuesday closed  its $41 billion cash purchase of AT&T Wireless Services Inc.  AWE.N, creating the biggest U.S. mobile telecom service with  more than 46 million customers.
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NOVEMBER 24, 2004  - With its acquisition of AT&amp;T Wireless Services Inc. complete (see story), Cingular Wireless LLC is preparing to lay off about 10% of its 68,000 workers over a 12- to 18-month period starting next year.
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The layoffs come as Motorola completes the spinoff of its semiconductor division. Also: Akimbo Systems signs a deal for content from Time Warner's Turner Broadcasting System & hellip;. PalmSource introduces a smart phone operating system & hellip;. and more.
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Cirrus Logic Inc., a maker of microchips for consumer electronics, on Wednesday said it will lay off 7 percent of its employees to save $2 million to $3 million per quarter, with expense reductions starting in its third quarter.
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Cingular Wireless will cut close to 10% of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently acquired AT&amp;T Wireless, the chief executive of the nation&#39;s largest cell phone company said Tuesday in an