As many observers had expected since earlier this week, Sprint Nextel has announced that it will lay off about 4,000 employees by mid-year, and further cut costs in its wireless business by curtailing retail efforts. However, the company did not announce that it was moving its headquarters from Reston, Va., back to Overland Park, Kan., as those same company watchers expected it would. The job cuts, which will be initiated by offering voluntary separation packages to the affected workers, represent the first major move by new Sprint Nextel CEO Dan Hesse. The company currently has about 59,000 employees.
- see this coverage in The Kansas City Star
- Initial reports of looming job cuts appeared earlier this week