Friday, September 20, 2024
HomeBreaking NewsT-Mobile is laying off 5,000 employees : NPR

T-Mobile is laying off 5,000 employees : NPR

Published on

spot_img


The sign for a T-Mobile store is seen, Jan. 30, 2023, in Pittsburgh. T-Mobile plans to cut 5,000 jobs, or about 7% of its workforce, the U.S. wireless carrier announced Thursday, Aug. 24.

Gene J. Puskar/AP


hide caption

toggle caption

Gene J. Puskar/AP


The sign for a T-Mobile store is seen, Jan. 30, 2023, in Pittsburgh. T-Mobile plans to cut 5,000 jobs, or about 7% of its workforce, the U.S. wireless carrier announced Thursday, Aug. 24.

Gene J. Puskar/AP

T-Mobile is laying off 5,000 employees, or about 7% of its workforce, the company announced Thursday.

The layoffs will happen over the next five weeks and mostly affect corporate roles and some technology roles. Impacted roles are ones that are “primarily duplicative to other roles, or may be aligned to systems or processes that are changing, or may not fit with our current company priorities,” T-Mobile CEO Mike Sievert said in a letter to employees.

Employees will receive notice of whether they’ve been impacted by the end of September. Sievert said he does not anticipate additional widespread layoffs in the “foreseeable future.”

Sievert said it costs more money to attract and keep customers than it did in the past few quarters and that the layoffs will help the company streamline its operations.

Laid off employees will receive severance pay based on their tenure, along with at least 60 days of paid transition leave.

“We have zero intention of being a faceless – or heartless – company in a situation that is already difficult,” Sievert said.

See also  A Remote Road Trip - The New York Times

In 2019, T-Mobile merged with Sprint and said the move would provide 11,000 new jobs by 2024, which the company called not a goal, but a fact. It criticized economists who predicted T-Mobile would have to cut jobs.



Source link

Latest articles

Robinson won't be at Trump's North Carolina rally Saturday

North Carolina gubernatorial candidate Mark Robinson (R) will not be in attendance when...

Films Boutique Picks Up Albert Serra’s ‘Afternoons of Solitude’

Films Boutique has picked up international rights to Albert Serra’s documentary “Afternoons of...

How to Downsize Your Kitchen for a Move

Getting the full picture of what you’re dealing with will require pulling everything...

Adobe, Avid Talk AI at IBC

Exhibitors touting AI-driven creative tools at the International Broadcasting Convention, which wrapped earlier...

More like this

Robinson won't be at Trump's North Carolina rally Saturday

North Carolina gubernatorial candidate Mark Robinson (R) will not be in attendance when...

Films Boutique Picks Up Albert Serra’s ‘Afternoons of Solitude’

Films Boutique has picked up international rights to Albert Serra’s documentary “Afternoons of...

How to Downsize Your Kitchen for a Move

Getting the full picture of what you’re dealing with will require pulling everything...