American carries Sprint Corp has planned to cut an unspecified amount of jobs and about $2-$2.5 billion in costs in the next six months.
The wireless carries has suspended external hiring and all expenditures require the approval of the finance department, media reported.
Sprint spokesperson Dave Tovar, “We have begun an effort to significantly take costs out of the business so the transformation of the company will be sustainable for the long-term.”
The company has been under pressure to cut costs because of concerns that it was spending too much to acquire and retain customers.
