T-Mobile to lay off 5,000 employees
T-Mobile is planning to lay off 5,000 employees, approximately 7% of its workforce, over the next five weeks in an effort to streamline its operations and reduce costs.
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Posted 8/24/2023, 3:29:00 PM
cnn.com
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T-Mobile US plans to cut 5,000 jobs, or approximately 7% of its workforce, in an effort to reduce costs amid intense competition and rising expenses associated with acquiring new subscribers.
T-Mobile, General Motors, Juul, Dick's Sporting Goods, and other major companies have announced layoffs affecting thousands of employees, as employers restructure their workforces amid recession fears and changing market conditions.