T-Mobile promised more jobs after merger, then cut 5,000 jobs instead
news.movim.eu / ArsTechnica · Monday, 1 March - 22:00 · 1 minute
T-Mobile has cut at least 5,000 jobs since completing its acquisition of Sprint despite promising that the merged company would start creating new jobs "from day one."
As noted by Light Reading today, a T-Mobile filing with the Securities and Exchange Commission last week said, "As of December 31, 2020, we employed approximately 75,000 full-time and part-time employees, including network, retail, administrative, and customer support functions." That's 5,000 fewer than the number T-Mobile gave on previous occasions, including a press release on December 8, 2020, that said there are "more than 80,000 employees at the post-merger T-Mobile." The 80,000 figure was probably off by at least a few thousand employees by the time it was repeated in that press release, given that T-Mobile had 5,000 fewer employees just a few weeks later.
The US government didn't impose any hiring requirements in the merger conditions that allowed T-Mobile to complete its acquisition of Sprint in April 2020. But T-Mobile and then-CEO John Legere made jobs a key part of their lobbying for the merger. In April 2019, Legere published a blog post titled, "Just the Facts on Jobs: The New T‑Mobile Will Create Jobs From Day One."