this post was submitted on 25 Aug 2023
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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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