Thread regarding T-Mobile layoffs

Not many utility stocks trading in the mid 200s.

@"History is going to repeat itself over the next 2 years with Sprinters in charge."

Original Poster => You're a Bozo!

If T-Mobile underperforms you can't blame that on Legacy Sprint employees. I vividly recall the pre-Legere years when TMO was seriously in dire financial straits and undergoing massive annual layoffs!

Post ID: @3jna+1vT3lUTv

The competent TMO directors left as soon as their 3 year commitment for stock under the merger was completed. They were replaced with d-mb Sprinters who, because they were in OP, were paid some 25% less due to Market Salary Rates. The same Sprinters responsible for Sprint going into the ash heap of tech history.

Post ID: @3hpo+1vT3lUTv

Sievert came from Clearwire/Sprint before he came to T-Mobile. Interesting how that little nugget has been erased from his T-Mobile Bio...
Ulf came from E///, the "you have to buy 100% from us for it to work" company
Callie...well Callie is a Collie
Nestor was COO at Sprint
King from Sprint
Saw and Sievert were the minds behind the failures at Clearwire.

https://www.fierce-network.com/wireless/t-mobile-hires-former-clearwire-exec-mike-sievert-as-new-cmo

The cancer is under the SLT skin of the company. Most Director to SVP are sprinters

T-Mobile may be pushing Metro to pull some shady practices
https://www.msn.com/en-us/money/companies/t-mobile-may-be-pushing-metro-to-pull-some-shady-practices/ar-AA1vCFe4?ocid=msedgdhp&pc=U531&cvid=a1b00eafce124008a81baf4e7b6dfdd7&ei=26

There are reports of people finding lines added to their bill that they didn’t pay for, which should be grounds for a hefty lawsuit.

The depravity doesn’t stop there. As noted by Phone Arena, associates would withhold selling phones to customers unless they buy accessories. T-Mobile has denied the allegations, however. So, we’ll have to see if any evidence comes to the surface.

It seems that T-Mobile might be pressuring Metro to do the same shady actions. As you may know, Metro is a sub-brand of T-Mobile. In fact, it’s one of the more popular ones. A Metro employee reached out to Phone Arena and revealed that they feel pressure to sell more accessories in their store. They’re given pretty tough sales goals for accessories. If the employees don’t meet those goals, then the store would receive several letters from higher-ups telling them to improve.

Short the pi-s out of this pig.

T-Mobile CEO says his comments on Q4 were 'misinterpreted'

T-Mobile US Inc (NASDAQ:TMUS) CEO Mike Sievert said his comments during the UBS conference, which sent the stock tumbling Monday, were “misinterpreted.”

Shares rose 1% in premarket trading Tuesday.

The telecom giant’s stock fell more than 6% Monday after Sievert said that the fourth quarter is "back-end loaded," suggesting that a significant portion of the company's expected revenue and business activities is concentrated towards the end of the quarter.

Moreover, during his presentation at the conference, Sievert noted that “there is a lot of risk in the back half” of the quarter, signaling potential headwinds.

However, in a statement released Tuesday, Sievert said:

“My comments explaining normal seasonal trends in Q4 were misinterpreted by one media outlet as a warning, so I want to make sure there is no investor confusion.”

“To be clear, our Q4 is trending at least in line with prior expectations, maybe better. We continue to expect to deliver about 3 million postpaid phone net additions for the year, or more. Q3 was a fantastic growth quarter for T-Mobile and our growth momentum continues in Q4,” he added.

Sievert said at the conference that T-Mobile experienced a “decade-long record” in the third quarter for adding new mobile customers. However, he acknowledged that replicating this success in the fourth quarter could be challenging, potentially raising concerns about a possible “slowdown.”

During the third quarter, T-Mobile added a net 865,000 monthly phone subscribers, surpassing analysts’ projections. This strong performance led the company to raise its full-year forecasts for customer growth and earnings.

In October, T-Mobile projected net customer additions of 5.6 million to 5.8 million, up from the previous estimate of up to 5.7 million.

The company also updated its core adjusted earnings expectations for the year, forecasting between $31.6 billion and $31.8 billion in earnings before interest, tax, depreciation, and amortization, as announced in October.

Sievert also highlighted the company’s progress with its fixed-wireless service, predicting it will reach 12 million subscribers and questioning whether it could “get beyond” that milestone.

Remarks uttered by the CEO of T-Mobile US (TMUS -6.12%) on Monday weren't exactly well received by investors. Absent any other market-moving news about their stock, they traded out of the No. 3 mobile carrier assertively. By the end of the day, its price had sunk by more than 6%, notably worse than the 0.6% drop of the S&P 500 index.

Fourth-quarter caution
Speaking at the UBS Global Media and Telecommunications conference Monday, T-Mobile US Chief Mike Sievert essentially said his company's investors should prepare for some discouraging news coming down the pike. Specifically, he warned that certain factors will act as tailwinds on the telecom company's results, and some figures won't be as good as they were in the third quarter.

Much of this has to do with an anticipated slowdown in customer additions, which Sievert described as notching a "decade-long record" in said quarter. The company's performance in this aspect of its business was indeed strong, with net "adds" of 865,000 subscribers in that period.

This development was a key factor in T-Mobile raising a clutch of metrics in its full-year 2024 guidance, including customer additions, net cash from operations, and non-GAAP (adjusted) free cash flow.

Mikey sold $10m in stock knowing Q4 subscriber numbers were not going to meet target. Something something, annual insider trading training module covers that every damn year. See, insider training can get employees FIRED, but not for SLT.

I suspect a big charge is coming Q1to pay for a big layoff.

Knowing that CEO, he’s probably deflating the value so him and his peers can load up

I recommend laying off 5,000 headcount to boost the stock price! Eezy peezy

Mikey put his foot in his mouth. Raised guidance, cashed out, now weak numbers forthcoming.

“While I’m here to tell you, it’s going great, we’re confident in our guidance, investors should be cautious because there’s a lot of risk in the back half,” Sievert said.

T-Mobile raised its financial guidance in October after reporting better results than expected in the third quarter. It now anticipates net customer additions of 5.6 million to 5.8 million for 2024, an increase from previous estimates of 5.4 million to 5.7 million.