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

November 02, 2015

Nov 1- 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. "We are leaving no stone unturned and looking at all areas," company spokesman Dave Tovar said in an interview.

Source: http://www.cnbc.com/2015/11/01/reuters-america-sprint-says-aims-to-slash-costs-up-to-25-bln-in-turnaround-effort.html
 
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