Sprint mulling thousands of job cuts

Beleaguered Sprint Nextel is preparing to slash thousands of jobs in an effort to improve operational efficiency, according to a report in The Wall Street Journal.  Citing anonymous sources, the WSJ says the scale of the job cuts isn't clear, but expectations are the operator will eliminate a few thousand positions. The Kansas City Star reports new Sprint CEO Dan Hesse will outline plans this week with the company's board of directors, noting that during his tenure at the head of local exchange carrier Embarq, Hesse tightly controlled costs, eliminating more than 1,200 jobs. Sprint is also said to be pondering a return to its longtime headquarters in Overland Park, Kan. after establishing its corporate base in Reston, Va. following its 2005 merger with Nextel. Sprint declined comment.

For more on the rumored Sprint cuts:
- read this Kansas City Star article