Like ceramide, the synthetic sphingolipid SH-BC-893 activates PP2A to downregulate nutrient transporters. In addition, SH-BC-893 activates a second PP2A complex, PP2A′ that is not affected by ceramide. Activation of PP2A′ leads to mislocalization of PIKfyve and PI(3,5)P2, reducing lysosomal fusion reactions. Because PI(3,5)P2 is membrane anchored and cannot diffuse to its target, loss of PI(3,5)P2 (YM201636 treatment) and PI(3,5)P2 mislocalization (SH-BC-893 treatment) produce similar phenotypes. While ceramide limits access to extracellular nutrients, SH-BC-893 blocks access to both extracellular and intracellular nutrients. Substrate limitation in the context of oncogene-driven anabolism is lethal, while nontransformed cells can make adaptive metabolic changes that allow them to survive nutrient stress.