T-Mobile laying off 5,000 employees
T-Mobile laying off 5,000 employees
T-Mobile plans to lay off close to 5,000 employees, about 7 percent of its workforce, by the end of September, the company’s president and CEO said in an email to employees Thursday. The layoffs wi…
T-Mobile laying off 5,000 employees::T-Mobile plans to lay off close to 5,000 employees, about 7 percent of its workforce, by the end of September, the company’s president and CEO said in an email to employees Thursday. The layoffs will primarily affect corporate, back-office and technology roles, while retail and other customer-facing roles “will not be impacted,” Mike Sievert, T-Mobile’s…
Sievert noted that the impacted positions are “primarily duplicative to other roles”
Congratulations to the poor bastards who's work load just got doubled or more.
In a 2019 hearing scrutinizing the merger, Legere told the House Subcommittee on Communications and Technology that after combining with Sprint, T-Mobile would have thousands more employees than the stand-alone firms combined in its first year.
“By 2024 we will have 11,000 more employees,” Legere said, according to a transcript of the hearing.
“Our critics are wrong about the impact on jobs,” Legere added, responding to a skeptical analysis from the Communications Workers of America labor union. “I have looked at their arguments and supposed analyses and they do not make sense. They ignore the facts. They don’t account for any areas where jobs will grow, like network integration or new customer call care centers.”
https://www.marketwatch.com/articles/t-mobile-job-cuts-sprint-merger-dcdcf73d
The network integration is done now. No more need for those guys.
NoBoDy WaNtS To WoRk!
That’s only 7% of their workforce!? That means this was a company of like 70,000 people. Just… how!?
This article is only about the branch "T-Mobile US" but not mentioning it. And yes according to Wikipedia there are about 70,000 employees. The parent company is listed with about 210,000 employees.
Corporate offices and brick and mortar stores probably make up the two biggest chunks.
People who maintain the physical network probably make up a big chunk.
This is the best summary I could come up with:
The layoffs will primarily affect corporate, back-office and technology roles, while retail and other customer-facing roles “will not be impacted,” Mike Sievert, T-Mobile’s president and CEO, said in the email disclosed in a Securities and Exchange Commission filing.
Sievert noted that the impacted positions are “primarily duplicative to other roles” or no longer align with changing systems, processes and “company priorities.” He also said T-Mobile does not plan on making additional cuts in the near future.
We’re tackling the tough decisions now, because I wanted to make sure that people working here are not wondering what’s next, after this process concludes,” Sievert said.
“What it takes to attract and retain customers is materially more expensive than it was just a few quarters ago,” Sievert said in Thursday’s email.
“We’ve been out-running this trend by accelerating merger synergies, and building our high-speed Internet business faster than expected, and out-performing in a few other areas.”
T-Mobile is the latest company to announce layoffs, following a string of mass cuts that have largely impacted the tech sector.
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