More Job Cuts At Sprint?
The WSJ has a story (subscription required) suggesting that "a few thousand" more jobs may be cut at Sprint as newly installed chief executive Dan Hesse "seeks to show investors a new commitment to efficiency and cost discipline."
The company has already chopped 5,000 jobs from the payroll.
And rumors persist that Hesse may be moving his office outside Northern Virginia, the Journal reported:
Beyond the layoffs, he and other top executives are evaluating a plan to consolidate the company's headquarters in Overland Park, Kan. -- Sprint's headquarters before it acquired Nextel -- to streamline decision-making. To date, the combined company has used Nextel's former offices in Reston, Va., as its official headquarters and a base for about 4,500 employees, while keeping a large operational presence of roughly 13,000 employees in Kansas.
Many Virginia-based employees are worried by the prospect of a headquarters relocation. But it appears that only a few hundred top managers and executives will have to move, one person familiar with the situation said. The fact that top executives haven't yet united under a single roof has become a symbol of the troubled integration of Sprint and Nextel and a continuing internal cultural rift. No final decisions have been made on the headquarters consolidation, the people familiar with it cautioned.
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