This may seem like a century ago, but it wasn’t until just over a few years ago that T-Mobile finally pulled it off complete its multi-billion dollar Sprint acquisition after a seemingly never-ending regulatory approval process.
A number of things were critical to the completion of this process, including: the involvement of a third party to keep competition from the US wireless industry intact, T-Mo’s assurances that the merger would lead to an otherwise impossible 5G advances, and last but not least, a dubious promise to add jobs to the consolidated new provider rather than dish out an avalanche of pink slips.
Unfortunately, as experts warned… all along it doesn’t seem like Magenta is delivering on that last promise, in fact laying off thousands upon thousands of employees in a quest to eliminate “layoffs”, as is pretty much always the case with mergers of this magnitude.
While the magnitude of the latest layoff is essentially impossible to assess correctly in the absence of clear and detailed confirmation from the US’s second largest mobile network operator, several analysts and market observers estimate that “hundreds” of people in “quite a few departments” are in a position to move elsewhere. looking for work in a quite challenging economic climate.
This is far from the first news reported in the wake of the merger completed in April 2020, with a large number of Sprint employees laid off a little later that same year and official 2021 SEC (Securities and Exchange Commission) figures suggest about 5,000 jobs had already evaporated (directly or indirectly) as a result of the union between the country’s third and fourth largest wireless service provider three years ago.
For his part, T-Mobile continues to insist that the “current number of employees is greater than the sum of what T-Mobile and Sprint would have looked like today if the two companies had not merged.” That certainly sounds a bit different from what the company promised before the merger was approved, not to mention that it’s relying on a hypothetical scenario that no one can really foresee rather than the simple reality of before April 2020.