The Wall Street diary T-Mobile’s engineering and network operations teams are reportedly experiencing layoffs, including managers and executives, in addition to thousands of jobs eliminated by restructuring following the company’s 2020 merger with Sprint. T-Mobile executives vowed at the time that the merger was “Everything is about creating new, quality, high-paying jobs, and the new T-Mobile will be job-positive from day one and every day thereafter.”
In April 2020, the companies together employed around 80,000 people; however as the diary points out that T-Mobile’s latest annual report (pdf) states that the year 2021 ended with 75,000 full and part-time employees.
employee
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 spokesman said the diary that the layoffs “were part of ongoing organizational changes over the past few months,” without saying exactly how many jobs were cut or if there would be more layoffs in the future.
T-Mobile said the post-merger company will have at least 11,000 additional employees by 2024, but so far it looks like the exact opposite is happening. Shortly after the merger, T-Mobile announced a layoff plan that would affect “hundreds” of former Sprint workers. Since then, T-Mobile has phased out Sprint’s LTE network and switched Sprint customers to T-Mobile as the company plans to use its rich PCS spectrum to carry cellular signals from satellites.
Meanwhile, the Dish Network Genesis 5G service that should bring new competition is still hard to find. Elsewhere in the industry, other airlines have also seen layoffs. Beginning of August, CNET reported that T-Mobile, along with its competitor Verizon, reported that they were laying off employees to meet business needs.
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