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☆ T-Mobile to lay off 5,000 workers
  + stars: | 2023-08-24 | by ( Clare Duffy | ) edition.cnn.com   time to read: +2 min
New York CNN —T-Mobile on Thursday announced it plans to lay off 5,000 employees, or around 7% of its total staff, over the next five weeks. 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. T-Mobile’s stock has fallen more than 7% since last August. Affected employees will receive “competitive severance packages” based on tenure, as well as accelerated stock vesting, access to career transition services and other benefits, Sievert told employees. He added that the company is not planning additional, widespread employee reductions in the foreseeable future.
Persons: New York CNN —, Mike Sievert, ” Sievert, Sievert, ”, “ Organizations: New, New York CNN, Mobile, Microsoft, Meta, Sprint Locations: New York
☆ Mike Sievert of T-Mobile is the CNN Business CEO of the Year
  + stars: | 2022-12-26 | by ( Paul R. La Monica | ) edition.cnn.com   time to read: +8 min
T-Mobile’s solid performance on Wall Street was one big reason why CEO Mike Sievert is the CNN Business pick for CEO of the Year. CNN Business spoke to Sievert about how T-Mobile has continued to perform well in a super competitive business. T-Mobile CEO Mike Sievert talks to employees at a 2022 company event. That has led to higher expenses, but Sievert said T-Mobile is less worried about inflation than other consumer firms. Prepared for more competitionSievert, who has been with T-Mobile since 2012, took over as CEO in 2020 from long-time CEO John Legere.
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