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T-Mobile will lay off 5,000 employees, or about 7% of its workforce, in the coming weeks
Wireless carrier T-Mobile plans to cut 5,000 jobs, or about 7% of its workforce
NEW YORK (AP) — Wireless carrier T-Mobile said Thursday it plans to cut 5,000 jobs, or about 7% of its workforce.
In email to employees shared in a regulatory filing, CEO Michael Sievert said the layoffs would come over the next five weeks and impact T-Mobile workers across the country — particularly those working in corporate and back-office roles, as well as some technology positions. Retail and customer service teams will not be part of the cuts.
“This is a large change, and an unusual one for our company,” Sievert wrote. “Because of this, we do not envision making additional largescale reductions across the company again in the foreseeable future.”
T-Mobile estimated it will book a pre-tax charge of about $450 million in the third quarter related to the job cuts. Laid-off employees will receive severance payments based on tenure, 60 days minimum of transition leave, career transition services and other benefits, Thursday’s announcement said.