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T-Mobile is laying off 5,000 employees, or about 7% of its workforce, the company announced Thursday.
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.
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.
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.
🤖 I’m a bot that provides automatic summaries for articles:
Click here to see the summary
T-Mobile is laying off 5,000 employees, or about 7% of its workforce, the company announced Thursday.
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.
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.
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.
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