- Sprint (NYSE:S) discloses it will take an additional $105M in charges for severance and related costs in Q3, as it implements its plan to eliminate 2,000 more jobs in an attempt to hit $1.5B in annual cost cuts.
- Sprint says the charge is in addition to a previously reported $160M charge related to severance and other items stemming from the job cuts.
- S +1.1% premarket.