T-Mobile to lay off 5,000 employees
T-Mobile revealed on Thursday that it intends to fire 5,000 workers, or around 7% of its whole workforce, over the next five weeks. CEO Mike Sievert wrote to employees on Thursday that the layoffs will primarily affect corporate and back-office positions that are “primarily duplicative” of other responsibilities and will thin out the company’s middle management layers. The business also intends to cut back on its expenditures for “external workers and resources,” but the direct-contact customer-facing retail and “consumer care” employees won’t be impacted, he said. “What it takes to attract and retain customers is materially more expensive than it was just a few quarters ago,” said Sievert. Reported sales down 2.5% year over year T-Mobile’s layoffs follow months of major layoff notifications from a variety of other technological companies, including Microsoft and Meta, as businesses struggle with an unstable economic climate. T-Mobile reported sales down 2.5% year over year and ...