https://www.cnn.com/2023/08/24/tech/tmobile-layoffs-5000-employees/index.html News broke today. "The reductions will largely affect corporate and back-office jobs that are “primarily duplicative” to other roles and will reduce the company’s middle management layers, CEO Mike Sievert said in a letter to employees Thursday. The company also plans to reduce its spending on “external workers and resources,” but its retail and “consumer care” staff who work directly with customers will not be affected, he said." Letter from Mike Sievert: https://www.sec.gov/Archives/edgar/data/1283699/000119312523219679/d507613dex991.htm #telecom #layoff #tech
The math is wrong here. Once you remove retail from the mix, the layoff % is more akin to 25-30%.
Wow that’s a lot for corporate and back office people. I guess growth was shown only for merger.
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