(Tiper Stock Exchange) – T-Mobile USa US company active in the telecommunications sector and controlled by Deutsche Telekomannounced to its employees that expects to reduce the size of its workforce by just under 7%. Related to this, it estimates that it will incur a pre-tax charge of approximately $450 million in the third quarter of 2023, but reiterates previously published fiscal 2023 guidance.
“These changes will impact nearly 5,000 locations, just under 7% of our total employees in locations across the country, primarily in business and back-office roles and some technology roles – reads in a letter sent by CEO Mike Sievert – Retail sales experts and customer care providers who care about our customers will not be affected. Once this process is complete, I do not anticipate further widespread corporate reductions in the foreseeable future“.
Sievert stressed that “what it takes to attract and retain customers is substantially more expensive than it was just a few quarters ago” and that the changes announced today “aim to focus efficiently on a limited set of winning strategies, so that we can continue to outperform our competitors and have the financial capacity to deliver a differentiated network and differentiated customer experience to an ever-growing customer base, while at the same time meet our obligations to our shareholders“.