Thread regarding T-Mobile layoffs

PTO Carryover Reduced from 80 to 40 hours '23-24?

For 2023 to 2024, the PTO carryover has been reduced from 80 hours to 40 hours. There are three obvious reasons I can think of for this:

  1. The company is trying to clean up its balance sheet for 2024; e.g. accrued PTO is a liability on the balance sheet (similar to accrued, but not paid, wages ), so the more (carryover or otherwise) PTO reflected on the balance sheet essentially reduces the company's equity (Assets - Liabilities = Equity), and more equity makes potential lenders and shareholders happy;

and/or,

  1. Setting up for significant layoffs coming in 2024; e.g. PTO hours are payable upon separation, so the company would have to pay out less PTO if they layoff en masse in '24;
  1. Headcount is fat, and the company believes it can operate without skipping a beat, with more people out of office on PTO. It wasn't long ago when the company increased PTO carryover from 80 to 120 hours ('21-'22?). Or, in the contrary, maybe the company is testing the waters to see if it CAN (or cannot) operate smoothly with more people out on PTO than usual?

I'm sure there are many other accounting advantages to reducing carryover PTO, including tax scenarios, but the above mentioned advantages to the company are obvious. In short, I'm not mad at the financial wizards for teasing the numbers with accounting maneuvers, but did want to state the obvious, because the cookie must crumble one way or the other.

Other ideas?

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| 4911 views | | 13 replies (last January 15, 2023) | Reply
Post ID: @OP+1kESd7vh

13 replies (most recent on top)

I bet anything the carryover reduction is the runway for Unlimited PTO. A company as performative and virtue signaling as T-Mobile? Everyone else is doing it so they will absolutely do it too.

Unlimited PTO works for them, period. It's a recruiting tool, but they actually hope no employee has the nerve to go for it in terms of PTO. Ends up with employees taking - wait for it - LESS PTO than the accrued amount. And, when they part ways with an employee, there is nothing to pay out.

https://www.linkedin.com/pulse/why-you-should-accept-unlimited-pto-brian-de-haaff

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Post ID: @3euf+1kESd7vh

Meanwhile, Microsoft now has an unlimited PTO policy for its salaried employees and there are plenty of openings in the Seattle area! Apply today.

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Post ID: @1bra+1kESd7vh

T-Mobile has to pay unused vacation as part of any severance or resignation from the company. By cutting it from 80 to 40, the max they will have to pay is 40 hours. When I resigned last year, I walked away with 2 months of pay. I knew I was going to leave so burned my old Sprint PTO, which T-Mobile walked back after saying it was non-expiring, but then through an addendum in and said they would not pay it if you left the company voluntarily or involuntarily. I saw the writing on the wall when they made that policy update.

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Post ID: @1bxb+1kESd7vh

Lessons learned.
Don’t trust management
Do the bare minimum
Lie if you want a merger approved
You are better off, it will take time but you will be in a better place, promise.
Don’t ever give the company more than you should
Don’t drink the kool aid… makes you look like douche canoe.
No extra hours, not worth it. Work less if possible.
If you are one of the few who interviews for the “new role” and gets it, next year you will be laid off.
More than just t mobile metro employees are impacted. Third party insurance, landlords, delivery drivers, restaurants near the stores, etc
Surveys are bs
Learn from your experience, it is currently molding you for the future.
Good luck to all except t mobile management. You don’t need luck. You need a conscience. You can stop counting your money while in your office…. Liars…

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Post ID: @1wmo+1kESd7vh

T mobile does not care about you, never has. They care about making money and that’s it. They make less money when people leave the service. Anyone getting laid off should switch service to Verizon or atnt even though they suck too. Tell your family and friends to switch. That’s the only way the laid off employee wins. Sievert is so fake

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Post ID: @1iri+1kESd7vh

It's all about the money! Who cares about the ones whose lives are being turned upside down! T-Mobile leadership doesn't care about the people who have busted their butts to meet their expectations..this company doesn't care about their employees only numbers and money..it's so sad and sickening..

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Post ID: @1xjr+1kESd7vh

I as well see this as an accounting move rather than a for the people one. TMO is on the outside the Un-carrier but inside just like any other company.

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Post ID: @1pwt+1kESd7vh

I want to buck T-Mobile, replace b with F.

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Post ID: @wmq+1kESd7vh

"It could also be that employees complain about work/life balance yet don't take any time off until they want to burn it up in December. An extra week off may help some people."

So forcing us to burn an extra week of PTO in 2023 means we "get" another week of vacation in 2023 but we revert back to the same level of PTO in 2024. This has exactly ZERO to do with work/life balance. It has 100% to do with reducing the accrued PTO liability on the books.

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Post ID: @pdj+1kESd7vh

In reply to the comment quoted below:

"It could also be that employees complain about work/life balance yet don't take any time off until they want to burn it up in December. An extra week off may help some people."

I present my thoughts:

  1. You are clearly a shill for the company, because that is essentially how they sold the bill of goods ("work/life balance");
  1. If "work/life balance" was an issue, it makes ZERO sense to wait until December to "burn it up" (their PTO), which, literally invalidates your argument;
  1. People (like me, and manY others) who actually have "work/life balance" do NOT complain about lack of "work/life balance"- instead, we budget our PTO, take our time off throughout the year, and carryover max (or near max) PTO. And no doubt, we are even smart enough to plan our PTO so that we can take time off in December, like, a week or more!!!

I'm sure you've heard of the saying, along the lines of "those who don't take pto, or lose pto, are worried about job security- for, if they are gone too long, and the machine continues to run, their non-essential position is then exposed for what it is...'non-essential.'"

Don't be fooled.

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Post ID: @vjf+1kESd7vh

Makes sense to carryover max pto to plan for emergencies that might happen at th3 beginning of the year, and to pad unemployment check if let go early in the year, for sure.

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Post ID: @dda+1kESd7vh

It could also be that employees complain about work/life balance yet don't take any time off until they want to burn it up in December. An extra week off may help some people.

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Post ID: @hns+1kESd7vh

Here's an Idea.

Deanne King is a witch. Replace the w with a b.

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Post ID: @xal+1kESd7vh

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