T-Mobile Announces , Massive US Layoffs .<br />T-Mobile Announces , Massive US Layoffs .<br />On August 24, T-Mobile announced plans to <br />cut 5,000 jobs in the United States, reducing <br />the company's workforce by about 7%.<br />On August 24, T-Mobile announced plans to <br />cut 5,000 jobs in the United States, reducing <br />the company's workforce by about 7%.<br />NBC reports that the news comes as <br />the wireless carrier struggles with <br />rising costs and a competitive market. .<br />NBC reports that the news comes as <br />the wireless carrier struggles with <br />rising costs and a competitive market. .<br />Over the last three quarters, T-Mobile has <br />been amassing subscribers looking to purchase <br />cheaper plans through discounted bundles. .<br />However, NBC reports that offering <br />these discounted subscriptions has <br />taken a toll on the carrier's profits.<br />What it takes to attract and <br />retain customers is materially <br />more expensive than it was <br />just a few quarters ago, Mike Sievert, T-Mobile CEO, via letter to employees.<br />What it takes to attract and <br />retain customers is materially <br />more expensive than it was <br />just a few quarters ago, Mike Sievert, T-Mobile CEO, via letter to employees.<br />T-Mobile CEO Mike Sievert said that the <br />layoffs targeting corporate and back-office <br />roles will take place over the next five weeks. .<br />T-Mobile CEO Mike Sievert said that the <br />layoffs targeting corporate and back-office <br />roles will take place over the next five weeks. .<br />According to Sievert, the layoffs will not <br />impact the carrier's retail and consumer care <br />divisions, but will extend to some technology jobs.<br />According to Sievert, the layoffs will not <br />impact the carrier's retail and consumer care <br />divisions, but will extend to some technology jobs.<br />NBC reports that the wireless carrier <br />expects to face a third quarter pretax <br />charge of approximately $450 million.<br />NBC reports that the wireless carrier <br />expects to face a third quarter pretax <br />charge of approximately $450 million.<br />Sievert said the company will look <br />to improve efficiency and cut costs by<br />implementing more centralized models.<br />Sievert said the company will look <br />to improve efficiency and cut costs by<br />implementing more centralized models.<br />In July, T-Mobile said it expected to <br />see wireless subscriber net additions <br />somewhere between 5.6 and 5.9 million. .<br />In July, T-Mobile said it expected to <br />see wireless subscriber net additions <br />somewhere between 5.6 and 5.9 million.
