Sprint axes more jobs to cut costs

NEW YORK - Struggling cellphone company Sprint (S) is eliminating more jobs as it seeks to cut costs and turn around its business.

Sprint spokesman Dave Tovar says the country's No. 4 wireless service provider has cut about 2,500 jobs since last fall, or about 8 percent of its workforce. Last week, it notified employees at six customer service centers around the country that it would be closing those locations or reducing the staff there.

The latest round of layoffs follows 2,000 job cuts announced in November 2014.

Shares of the Overland Park, Kansas-based company are down about 39 percent in the past 12 months. The stock dropped more than 12 percent Monday to close at $2.51.