10 recent company layoffs - Sprint Nextel Corp.

<span class="headline18"> <a class="taxInlineTagLink" id="ORCRP014344" title="Sprint Nextel Corporation" href="/topic/economy-business-finance/sprint-nextel-corporation-ORCRP014344.topic">Sprint Nextel Corp.</a></span><br> <br> <b>Announced:</b> Jan. 26<br> <br> <b>Number of layoffs:</b> about 8,000 positions<br> <br> <b>Reason for the cuts:</b> The Overland Park, Kan.-based company has struggled since acquiring Nextel Communications Inc. in 2005 as technical problems, poor efforts to consolidate the two companies and stiff competition for feature-rich phones has led many subscribers to switch to competing services.<br> <br> It lost a net of more than 3 million subscribers in the previous four quarters, and it seeks to cut annual costs by $1.2 billion.

( Don Emmert / AFP/Getty Images )

Sprint Nextel Corp.

Announced: Jan. 26

Number of layoffs: about 8,000 positions

Reason for the cuts: The Overland Park, Kan.-based company has struggled since acquiring Nextel Communications Inc. in 2005 as technical problems, poor efforts to consolidate the two companies and stiff competition for feature-rich phones has led many subscribers to switch to competing services.

It lost a net of more than 3 million subscribers in the previous four quarters, and it seeks to cut annual costs by $1.2 billion.

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