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A day after announcing up to 2,500 layoffs, Sprint Nextel has agreed to pump $1.176 billion into Clearwire Corp., the public company that is building out the fourth-generation WiMax wireless network Sprint is counting on to boost its own business.
Most of the nationwide job cuts — expected to save about $350 million in labor costs — will take place by Dec. 31, Sprint Nextel Chief Executive Dan Hesse said in a memo sent Monday to employees.
Overland Park-based Sprint Nextel Corp. said Monday it will eliminate 2,000 to 2,500 jobs as part of an effort to trim labor costs by at least $350 million annually.
With earnings season over for the nation's top wireless carriers, Fierce Wireless has compiled an interesting chart on the ten largest companies.
