The T-Mobile / Sprint merger hasn’t created jobs — it’s cut thousands

Date:

Share:

[ad_1]

The Wall Street Journal reports T-Mobile’s engineering and network operations teams are experiencing waves of layoffs, which have included managers and executives, on top of thousands of jobs eliminated by restructuring after the company merged with Sprint in 2020. T-Mobile execs promised then that the merger was “all about creating new, high-quality, high-paying jobs, and the new T-Mobile will be jobs-positive from Day One and every day thereafter.”

In April 2020, the companies had about 80,000 workers combined; however, as the Journal points out, T-Mobile’s most recent annual report (pdf) said it ended 2021 with 75,000 full- and part-time employees.

Employees

As of December 31, 2021, we employed approximately 75,000 full-time and part-time employees, including network, retail, administrative and customer support functions.

A company spokesperson told the Journal that the layoffs “were part of continuing organizational shifts during the past few months” without exactly saying how many jobs were eliminated or if there would be more layoffs in the future.

T-Mobile said the post-merger company would employ at least 11,000 additional workers by 2024, but so far, it looks like the exact opposite is occurring. Soon after the merger, T-Mobile announced a layoff plan that would affect “hundreds” of former Sprint workers. Since then, T-Mobile has dissolved Sprint’s LTE network and switched Sprint customers over to T-Mobile as the company plans to use its wealth of PCS spectrum to broadcast cellular signals from satellites.

Meanwhile, the Dish Network Genesis 5G service that was supposed to provide new competition is still hard to find. Elsewhere in the industry, other carriers have been experiencing layoffs, too. In early August, CNET reported that T-Mobile, along with its competitor Verizon reported that they were laying off employees to accommodate business needs.

[ad_2]

Source link

Subscribe to our magazine

━ more like this

Crypto Crime Investigation (C.C.I) Enhances Singapore’s Safety with Innovative Pig Butchering Fraud Recovery Technology

Crypto Crime Investigation (C.C.I) is proud to announce the launch of its groundbreaking Pig Butchering fraud recovery technology, a vital initiative aimed at protecting...

U.S. Treasury removes Francisco Javier D’Agostino from sanctions list after independent review

The United States Treasury Department has removed Francisco Javier D'Agostino from its sanctions list following an independent review that confirmed his business activities were...

Expert Forensic Analysis in Investigating Crypto Investment Scams and Recovering Lost Funds

The allure of cryptocurrency investment, with its potential for high returns, has unfortunately attracted a darker side: sophisticated and deceptive scams. Victims of these...

Asia’s Certified Cryptocurrency Investigator Launches in Singapore: Pioneering Crypto Crime Investigation (C.C.I)

Singapore, – In a groundbreaking move to enhance digital asset security and bolster consumer confidence in the cryptocurrency market, the Crypto Crime  Investigation...

C.C.I Launches as the Ultimate Recovery Platform for Crypto Investors Targeted by Scams

Nevada, Florida – In response to the growing concern over cryptocurrency investment scams, C.C.I (Crypto Crime Investigation) proudly announces its official launch as the...