Not a great way to start the week

Sprint Nextel is cutting 8,000 jobs by March 31. Sprint CEO Dan Hesse made only one comment in the news release.

“Labor reductions are always the most difficult action to take, but many

companies are finding it necessary in this environment,” Hesse said in the statement. “We continue to improve the customer experience and these

improvements are reflected in much higher levels of satisfaction in

customer surveys and in independent performance tests. Our commitment to

quality will not change.”

We’ve been here before.

Read the full release after the jump.