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Sprint says aims to slash costs up to $2.5 billion, layoffs loom

The logo of U.S. mobile network operator Sprint Corp is seen at a Sprint store in San Marcos, California August 3, 2015.

Wireless carrier Sprint Corp S.N. said on Sunday it aims to slash fiscal 2016 expenses by as much as $2.5 billion, through layoffs and a wide array of cost controls, as an essential part of its ongoing turnaround efforts.

"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 would be laid off, saying it was too...


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