8 months ago
78 A T-Mobile store successful New York, US, connected Thursday, March 16, 2023.
Yuki Iwamura | Bloomberg | Getty Images
T-Mobile US plans to chopped astir 5,000 jobs, oregon astir 7% of its workforce, successful the United States, the telecom elephantine said connected Thursday, arsenic it grapples with higher lawsuit acquisition costs.
The jobs cuts volition beryllium made successful the adjacent 5 weeks and volition people firm and back-office roles, and immoderate exertion jobs, CEO Mike Sievert said successful an email to employees.
Retail and user attraction divisions volition not beryllium impacted, it added.
The institution expects to incur a pre-tax complaint of astir $450 cardinal successful the 3rd quarter.
Shares of the institution were down astir 0.4% successful aboriginal trading.
