Sprint Nextel to lay off 4,000 after customer losses
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.
IDG News Service
Symantec Backup Exec 12 and Backup Exec System Recovery 8 deliver industry leading Windows data protection and system recovery. Download this whitepaper to find out the top reasons to upgrade and how to get continuous data protection and complete system recovery.
Data and system loss — from a hard drive failure, malicious attack, natural disaster, or simple human error — can happen anytime. Don’t leave your business vulnerable. Make sure you have a secure recovery strategy in place. Symantec's latest backup and system recovery technology can efficiently restore critical applications, individual emails and documents and even restore your entire system in minutes in the event of a loss.
Businesses face a growing challenge to ensure that the IT environment is properly protected. Backup Exec 12 integrates with other applications in the Symantec family of products, to complement your current data protection strategy, keep your data securely backed up and make it recoverable when you need it most.
Crimeware: Understanding New Attacks and Defenses
By Markus Jakobsson, Zulfikar Ramzan
Published Apr 6, 2008 by Addison-Wesley Professional. Part of the Symantec Press series.
Enter now! | Official rules | Sample chapter
Securing VoIP Networks: Threats, Vulnerabilities, and Countermeasures
By Peter Thermos, Ari Takanen
Published Aug 1, 2007 by Addison-Wesley Professional.
Enter now! | Official rules | Sample chapter
