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Sprint says aims to slash costs up to $2.5 billion in turnaround effort

Published 11/01/2015, 06:50 PM
Updated 11/01/2015, 07:00 PM
© Reuters. The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California
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(Reuters) - Wireless carrier Sprint Corp on Sunday said it aims to slash its expenses in fiscal year 2016 by as much as $2.5 billion as an essential element of its ongoing turnaround effort, including layoffs and a wide array of cost controls.

© Reuters. The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California

"We are leaving no stone unturned and looking at all areas," company spokesman Dave Tovar said in an interview. He declined to predict how many employees will face layoffs, saying it was too early in the budgeting process.

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