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15. Sprint Nextel
Sprint Nextel
Jobs lost: 16,202
% drop (1 year): 29%
Remaining employees*: 40,000
Fortune 500 rank: 67

As subscribers continue to defect to competitors AT&T and Verizon Wireless, the telecom has focused its efforts on pre-paid users by acquiring Virgin Mobile USA in November but continues to suffer from sagging revenues. After suffering a loss of $2.6 billion last year, the third-largest U.S. cell phone carrier reduced headcount by nearly a third.

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Last updated May 13 2010: 9:10 AM ET
* Full-time equivalent employees as of the end of 2009
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