• T-Mobile intends to initiate workforce reductions, affecting approximately 7% of its employees, which equates to nearly 5,000 individuals.
• The President and CEO of the company, Mike Sievert, communicated this information via an email to employees on Thursday.
• The forthcoming layoffs will predominantly impact positions within the corporate, back-office, and technology sectors. Notably, roles involving retail and direct customer interaction will remain unaffected, as affirmed in an email disclosed in a filing with the Securities and Exchange Commission.

Tagged: Economy