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

(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.

“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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