Today news
About the same in other media
T-Mobile US to cut 5,000 jobs
Reading now: 634
(Reuters) — T-Mobile US (NASDAQ:TMUS) plans to cut nearly 5,000 jobs, or about 7% of its workforce, in the United States, the telecom giant said on Thursday, as it grapples with higher customer acquisition costs.
The jobs cuts will be made in the next five weeks and will target corporate and back-office roles, and some technology jobs, CEO Mike Sievert said in an email to employees.
Retail and consumer care divisions will not be impacted, it added.
The company expects to incur a pre-tax charge of about $450 million in the third quarter.
Shares of the company were down about 0.4% in early trading.
Read more on investing.comAbout this in other media
India emerges as top contributor in mobile subscribers across world, adds 7 million subscribers in June quarter livemint.com /7 months ago
CFPB examines Big Tech’s role in mobile payment systems ahead of rulemaking cointelegraph.com /7 months ago
T-Mobile announces shareholder return program of up to $19 billion investing.com /7 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
