Sprint to cut 4,000 jobs, close 125 stores
Published: Jan. 18, 2008 at 9:56 AM
Layoffs are likely to be completed in the first half of the year and will include management and non-management positions, Sprint said.
The Reston, Va., company has about 20,000 total distribution points, including nearly 1,400 company-owned retail locations, the Wall Street Journal said.
Sprint said that it had a net loss in the fourth quarter of 683,000 post-paid subscribers. That more than offset a gain of over 700,000 subscribers.
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