Sprint Nextel is to axe up to 2,500 staff on yet another cost-cutting drive, while Vodafone is also expected this week to expand its cost reduction program.
Sprint said the new drive was aimed at shaking $350 million in annual costs out of its budget.
The company, which has 42,000 staff, said it expected a charge of between $60 million and $80 million for the labor force cuts, most of which would come from non-staff contractors.
The latest announcement means a total work force reduction of 16,500 for Sprint this year, NY Times reported, including the transfer of 6,000 employees to new network manager Ericsson.
Vodafone is expected to assuage investors with a new raft of cost-cutting measures and targets at its interim result today.
The FT reports that Vodafone may add another €500 million ($749.4 million) to its current target of reducing operating expenses by €1.1 billion within two years.
Vodafone CEO Vittorio Colao announced a year ago that he wanted to save €1.1 billion by March 2011, which translated to a freeze on spending in Europe and slowdown in operational costs.