UPDATE 1-Sprint says aims to slash costs up to $2.5 bln, including layoffs

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UPDATE 1-Sprint says aims to slash costs up to $2.5 bln, including layoffs
November 02, 2015 Nov 1- Wireless carrier Sprint Corp 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. In its first quarter ended June 30, the company posted a $20 million loss as revenue fell 8.7 percent to $8.03 billion, missing analysts' estimates... Source: http://www.cnbc.com/2015/11/01/reuters-america-update-1-sprint-says-aims-to-slash-costs-up-to-25-bln-including-layoffs.html