Sprint to ax up to 2,500 jobs

OVERLAND PARK, Kan., Nov. 10 (UPI) -- U.S. telecommunications giant Sprint Nextel said it would reduce its payroll by up to 2,500 workers due to falling revenues.

A majority of the jobs scheduled to end would be eliminated by the end of the year, Sprint said.

Sprint cut 8,000 jobs in January, making the recent announcement the second major reduction in the same calendar year, The Kansas City Star reported Tuesday.

In the latest cuts, Spring said it would save $350 million in operational costs. From January's cuts, Sprint said it would save $1.2 billion.