Sprint Nextel is planning to trim 2,500 jobs across the entire company with many of the layoffs coming before the end of the year. The company is also planning to cut back on the number of outside contractors it uses. No specifics were given in the latest announcement but Sprint has said in [...]
Continue reading...Wednesday, January 21, 2009
Ericsson’s fourth quarter profits dropped 31%. Citing weakened handset sales and costs associated with restructuring, the Stockholm-based manufacturer announced it would layoff 5000 of it’s workers. The company saw it’s net profits drop from roughly 870 million dollars to about 465 million and a dramatic drop in sales also saw it’s joint venture with [...]
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Monday, November 9, 2009
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