Seems to be a large uptick in contract workers (NTWs) in Eng/Ops, right out of the Sprint playbook, a la Ericsson. It's being sold as "oh, we're just getting you some help" but the reality is more and more work is being directed at contracted (and probably overseas) teams like the MIT. I wonder how long it will be before RF, field, and switch functions are fully outsourced and the stage 4 Yellow cancer progresses and ki--s us. Leadership assures us no layoffs are planned but admit to ongoing restructuring discussions.
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$50 billion in stock buybacks will start next year.
They serve one purpose: increase shareholder wealth.
The axe will swing company-wide next year, and then the following year, almost all of the engineering dept will be outsourced/ re-badged to Ericsson, Nokia, other.
Where did you hear no layoffs from operations or engineering?
Their workload is very heavy, regardless of if they were former S or TMO
engineering has always been contractor heavy. if it's any heavier now, it's because skilled engineers keep leaving for better stock grants. $10k per year for a senior engineer is a joke
The $150M to improve security from the Data Breach settlement has basically gone to hiring 3rd parties who have zero knowledge of Telco to come in and give the proctology exams to all systems and applications with a standard bucket of questions. Apparently our own security teams are too inept.
The CEO keeps alluding to tens of billions of dollars going toward share buybacks, starting next year and running through 2025. Literally $50 billion or so, not being invested in the company. That money is designed to do one thing: increase shareholder wealth. Period, end of story.
Aside from all of the billions in savings coming from de-comming the Sprint network, how is he going to free up all of that money?
The writing is on the wall. Reduce headcount.
Widespread layoffs will happen next year.
After that, the network/ engineering folks will be re-badged to Ericcson or Nokia, as T-Mobile shifts to network ops mode, and radically scales back on the network build.
And Neville will ride off into the sunset as they announce this, so he can go out on top.
Sayonara, baby, no later than 2024, probably after you get your last annual bonus in February.
Wasn’t there an announcement in the all hands?
On a lighter note, you can return after a 4 month separation as one of the NTW's for more money, no on-call, no night shift just an 8-5 job without a care in the world, unlike now were you are expected as an employee to always be available by phone even if not on call to be available in case of an outage. Plus you will get a nice severance package. Sounds like a win win to me.