Sprintmania

More layoffs.

NEW YORK (CNNMoney.com) -- Sprint Nextel plans to eliminate several thousand jobs as its new CEO Dan Hesse tries to cut costs and increase efficiency, according to a report from The Wall Street Journal.

...

Hesse and other Sprint executives are also reportedly examining a plan to consolidate Sprint's (S, Fortune 500) headquarters in Overland Park, Kansas, the company's headquarters before it purchased Nextel Communications in 2005.

The company's current headquarters in Reston, Virginia, employs about 4,500. Sprint has an operational presence of 13,000 employees in Kansas. If the headquarters is consolidated in Kansas, only a few hundred managers and other top-level employees may be moved, says the Journal.