T-Mobile US Plans To Slash Workforce By Under 7% Or 5000 Positions

RTTNews | 1160 hari yang lalu

(RTTNews) - Telecom major T-Mobile US, Inc. (TMUS) announced Thursday in an email to its employees that it is planning to reduce the size of its workforce by just under 7 percent or 5,000 positions.

The changes are expected to take place over the next five weeks in locations across the country, primarily in corporate and back-office, and some technology roles. The company plans to have all notifications complete by the end of September.

T-Mobile's President and CEO Mike Sievert noted in the email that retail and consumer care experts who take care of customers will not be impacted.

Sievert said some areas of the business will be implementing more centralized models where they can improve efficiency and effectiveness and save costs.

"We can be smarter, faster, and even better at competing, by streamlining our operating model and structure to reduce the complexity. You have my commitment that our organization will create more individual empowerment and faster decision-making over time," added Sievert.

The company is planning to build bigger, broader people manager roles with deeper spans and fewer layers, to provide longer-term growth opportunities, while decreasing its reliance and spend on external workers and resources.

T-Mobile estimates that it will incur a pre-tax charge of approximately $450 million in the third quarter of 2023 related to the workforce reduction. The Company reiterates the fiscal year 2023 guidance it previously issued.

Sievert ended by saying he does not envision making additional large-scale reductions across the company again in the foreseeable future.

Tag: TMUS

baca selengkapnya

T-Mobile US Q2 Profit Edges Up, Net Additions Drop, Backs FY26 View; Stock Down

T-Mobile US, Inc., a wireless network operator, on Thursday reported slightly higher second-quarter earnings, primarily driven by growth in postpaid revenues, while postpaid net additions declined from last year. Further, the firm maintained fiscal 2026 outlook. In the early morning trading on the Nasdaq, T-Mobile US shares were losing 7.30 percent.

RTTNews | 96 hari yang lalu

T-Mobile, EQT Form JV To Acquire Fiber-to-the-home Platform Lumos

T-Mobile (TMUS) and investment firm EQT announced Thursday they have entered into a joint venture (JV) with EQT's Infrastructure VI fund (EQT) that will acquire fiber-to-the-home platform Lumos from EQT's predecessor fund EQT Infrastructure III.

RTTNews | 915 hari yang lalu

T-Mobile Confirms Data Breach Of 37 Mln US Customer Accounts

T-Mobile US, Inc. in a regulatory filing confirmed that it has suffered a cyber attack, in which data for approximately 37 million current postpaid and prepaid customer accounts were stolen. In a filing with the U.S. Securities and Exchange Commission, T-Mobile said the impacted API was able to provide some basic customer information, including name, billing address, email, phone number, date of

RTTNews | 1376 hari yang lalu

DISH Inks Deal To Access T-Mobile's Nationwide 5G Network

DISH Network (DISH) and T-Mobile (TMUS) on Tuesday signed an amendment to the 2020 Master Network Services Agreement (MNSA) that provides customers of DISH's retail wireless brands, including Boost Mobile, access to T-Mobile's nationwide 5G network.

RTTNews | 1589 hari yang lalu

U.S. Consumer Confidence Unexpectedly Sees Substantial Improvement In October

Consumer confidence in the U.S. has unexpectedly seen a substantial improvement in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 91.7 in October from an upwardly revised 84.2 in September.

RTTNews | 43 menit yang lalu

U.S. New Home Sales Pull Back Much Less Than Expected In September

A report released by the Commerce Department on Tuesday showed a modest pullback in new home sales in the U.S. in the month of September. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 676,000 in September after surging by 5.1 percent to a revised rate of 680,000 in August.

RTTNews | 56 menit yang lalu

Boeing Q3 Loss Narrows, Commercial Airplanes Revenues Drop; Shares Down

Aerospace and defense major Boeing Co. reported Tuesday that its third-quarter net loss narrowed sharply, while it recorded an operating profit, compared to prior year's loss, amid lower expenses and higher revenues. Commercial Airplanes revenue, meanwhile, dropped from last year, despite higher deliveries. In the morning trading on the NYSE, the shares were losing 3.64 percent.

RTTNews | 1 jam 13 menit yang lalu

U.S. Durable Goods Orders Jump 1.8% In September, More Than Expected

Largely reflecting a surge in orders for transportation equipment, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured durable goods shot up by more than expected in the month of September. The Commerce Department said durable goods orders jumped by 1.8 percent in September following a revised 0.1 percent uptick in August.

RTTNews | 1 jam 30 menit yang lalu

EURUSD	1.11445	GBPUSD	1.33121
USDJPY	157.818	USDCAD	1.40387