Huge Layoffs Hit T-Mobile…Who’s Next?

Wireless carrier giant T-Mobile is planning to cut over 5,000 jobs in the upcoming weeks.

CEO of T-Mobile Michael Sievert in a recent email to employees, announced T-Mobile would fire over 7% of its workforce.

Sievert in an email wrote ““This is a large change, and an unusual one for our company.”

He continued “Because of this, we do not envision making additional largescale reductions across the company again in the foreseeable future.”

In the last month, T-Mobile’s stock has dipped 7% which is causing some investors to ditch the stock.

Wireless carrier T-Mobile plans to cut 5,000 jobs, or about 7% of its workforce. https://t.co/u5fXsR9MfG

— The Associated Press (@AP) August 24, 2023

T-Mobile Plans To Cut 5,000 Jobs: A Grim Omen For Economy? https://t.co/Wf4ynLKHQu

— zerohedge (@zerohedge) August 24, 2023

Here’s what the Associated Press reported:

Wireless carrier T-Mobile said Thursday it plans to cut 5,000 jobs, or about 7% of its workforce.

In email to employees shared in a regulatory filing, CEO Michael Sievert said the layoffs would come over the next five weeks and impact T-Mobile workers across the country — particularly those working in corporate and back-office roles, as well as some technology positions. Retail and customer service teams will not be part of the cuts.

“This is a large change, and an unusual one for our company,” Sievert wrote. “Because of this, we do not envision making additional largescale reductions across the company again in the foreseeable future.”

T-Mobile estimated it will book a pre-tax charge of about $450 million in the third quarter related to the job cuts. Laid-off employees will receive severance payments based on tenure, 60 days minimum of transition leave, career transition services and other benefits, Thursday’s announcement said.

JUST IN : T-MOBILE TO LAYOFF OVER 5,000 EMPLOYEES IN ORDER TO CUT COSTS $TMUS pic.twitter.com/MQVS1xRjyv

— GURGAVIN (@gurgavin) August 24, 2023

Per CNBC:

T-Mobile US
said on Thursday it would reduce its workforce by about 7% by cutting 5,000 jobs in the United States as the wireless carrier grapples with rising costs related to adding more subscribers in a competitive market.

The carrier has been taking the lion’s share of subscribers looking for cheaper plans in the last three quarters through discounted bundles, but that has taken a toll on T-Mobile.

“What it takes to attract and retain customers is materially more expensive than it was just a few quarters ago,” CEO Mike Sievert said in an email to employees.

The jobs cuts over the next five weeks will target corporate and back-office roles, and some technology jobs, Sievert said, adding that retail and consumer care divisions will not be impacted.

The carrier expects to incur a pretax charge of about $450 million in the third quarter.

But here’s the good news: I might be able to help you.

Because guess who’s NOT laying people off?

Guess who is in HIRING mode?

Me!

Noah!

Your humble correspondent!

We’re growing faster than I can keep up with.

Maybe I can help you?

If you’ve been impacted by layoffs, or just got fired….or….if you have a job but it doesn’t pay enough, then this is for “YOU”.

The layoffs are really getting bad out there.

You may not work at any of those places….

In fact, odds are you probably don’t!

But the layoffs start there and then spiral across the country.

And I know many of you reading this have ALREADY been laid off or fired from your job.

Many more are to come.

So….that’s why I’m publishing this.

Can I help you?

Very possibly….yes!

In fact, I tell you this because this is MY story.

And deep down it’s probably your story too.

You see, it doesn’t even have to be a layoff.

It may just be that you’re very unhappy with where you’re at in life.

Unhappy with your job…

Unhappy with your future prospects….

Not crazy about doing what you’re doing for the next 30 years and getting a cheap watch as a gift when you retire.

Oh I have a feeling that my story is going to resonate with you.

You see, I believe deep down we all know we were created ON purpose and FOR a purpose.

A God-given purpose.

Something we were created to do in this world better than anyone else.

Sound crazy?

I don’t think so.

I think every single one of us has greatness inside of us…and a calling to live the life God created for us!

Not to live someone else’s life.

Definitely not to live a life for your boss or for your job!

How sad is that?

It reminds me of one of my favorite memes:

But as always, there is TRUTH in comedy.

It’s what makes comedy funny, because we can all relate to the underlying truth.

So here’s where it gets really personal.

I didn’t learn that until I was in my 40’s.

I wish I’d learned it earlier.

And I’m telling you because maybe I can help YOU learn it earlier in life.

When I started this mission of the WLTReport back in 2015, I was finally doing MY thing.

Not living for someone else…

Not just punching a clock…

Not just moving papers around into a folder in a beige office for 40, 50 or 60 hours a week.

No.

I was finally doing what God created ME to do…and I was changing the world (in my own little way) at the same time.

If you’ve never been in that position, I can’t quite describe it to you but it’s magical.

Suddenly, you don’t need coffee or extra motivation to get through the day.

Suddenly, when you’re living out YOUR purpose you have all this natural energy and “work” doesn’t seem like work.

You go from watching and waiting for the clock to hit 5:00 so you can go home to wondering “where did that day go, I could use another 12 hours!”

People ask me all the time how I get so much done around here and they’re fearful I’m going to “burn out”…

Nothing could be farther from the case.

And to quote my friend Christopher Greene, “I’d much rather BURN out than RUST out.”

Let that one sink in a bit.

I believe in this so much and I believe I can help a lot of people who are reading this so much that I actually recorded this video.

This is me, totally from the heart.

Please enjoy (and then if anything in this video resonates with you, scroll down and I will tell you how I might be able to help you too):

I Had a Job, Once…
👇 pic.twitter.com/fINRaHEOcO

— DailyNoah.com (@DailyNoahNews) April 8, 2023

Backup here on Rumble:

Now, if ANYTHING I said in that video gave you that little shock of adrenaline or that gut feeling that connected with your soul, I want you to keep reading…

I want to be very clear upfront about a couple of things.

One, I’m not trying to sell you anything.

And two, I’m not telling you to quit your job or make any drastic change.

I’m just a guy who finally found how to live for the passion God placed inside of me, and if I can help some other people along the way I want to do it.

Fair?

Ok.

So in addition to my mission here at WLTReport, I’ve also been working on this second mission that I started talking about last month.

It’s like Mission x Mission for me…Mission Squared!

And I’ve got about 100 people in my “Inner Circle” who have jumped aboard and are doing it with me and they’re absolutely loving it.

The truth is I’ve been blown away in the past few weeks by the comparison of what we’re doing with this new mission and everything else happening in the world right now.

I’m sure you’ve seen all the headlines.

As I type this, banks are failing…

Banks are being shut down…

Bank Runs are threatening to spread across America…

Big companies are doing mass layoffs…

Tens of thousands at a time, Wave 1, Wave 2, Wave 3, they just keep coming!

All the big names are doing it and no one seems immune: Google, Amazon, Facebook, Walmart, McDonalds, Wells Fargo it’s everywhere!

There’s definitely not a lot of “confidence” or “certainty” anywhere in the system right now.

And yet in the midst of all of that, then I huddle up with my Inner Circle and they’re receiving paychecks!

Life-changing paychecks in many cases.

That’s not my words…

Let me share with you a personal message I received from one person in my Inner Circle.  

I’m withholding her name for privacy purposes but she did give me permission to share this.

Read this and try to not let a tear come to your eye as you realize in her own words: “I did not have a Plan B…”

Read here: