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On Sunday, US wireless carrier Sprint unveiled its plans to reduce its fiscal costs for 2016 by as much as USD2.5 billion. According to the company, the fiscal cost cuts, which will include measures like job layoffs and other cost controls, is an essential part to turn Sprint around.
Although he decline to share the number of people Sprint will lay off, spokesman Dave Tovar said in an interview with Fortune, “We are leaving no stone unturned and looking at all areas. We are trying to get more in line with the industry average.”
Tovar said the company will provide more details about the cost control plan.
24/7 Wall Street wrote that Sprint has been on a cost-cutting roll prior to the announcement. In September, the company announced that it will not participate in the upcoming wireless spectrum auctions, explaining that it has sufficient spectrum for its customers.
