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Sprint Nextel to cut 8,000 jobs this quarter

Layoff Tracker on January 26, 2009 12:41 PM

Sprint Nextel plans to eliminate 8,000 positions by the end of March. The move will help the wireless provider save more than $1 billion a year in labor costs. The company also plans to suspend 401(k) matches and extend a suspension of annual salary increases through the remainder of the year.

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