Sprint Nextel announced the mass layoff this week after news that the company lost 306,000 subscribers during the fourth quarter of 2006. The wireless carrier, which just merged in August 2005, plans to continue cost structure cuts to adjust to changing demands in its wireless network.
Sprint officials did not disclose which employees would be part of the mass layoff but did say the workforce reduction would take place in the first quarter. It is difficult to predict how many of those laid off will be able to find other jobs and how long their unemployment will last. We do know that job loss is one of the most common events that lead consumers to file bankruptcy petitions.
This entry was posted on Wednesday, January 10th, 2007 at 9:10 am and is filed under Bankruptcy News and Events. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.
so if they are bankrupt what does that mean for the customers