TMUS quick hit: implications of headcount reduction
What’s new: we have been getting questions on T-Mobile’s internal memo announcing that they will be cutting headcount by 7%. Our clients are concerned that this indicates some change in competitive dynamics and margins for the industry. We don’t think it does. The Company confirmed that there is no change to guidance, which suggests that the changes were anticipated. Our thoughts in this very brief note.T-Mobile US provides mobile communications services, including voice, messaging and data, under its brands, T-Mobile and Metro? by T-Mobile, in the United States, Puerto Rico and the United States Virgin Islands. The company provides mobile communications services using its 4G Long-Term Evolution network and its 5G technology network. The company also provides various wireless devices, including handsets, tablets and other mobile communication devices, and accessories for sale, as well as financing through Equipment Installment Plans and leasing through JUMP! On Demand?. The company provides reinsurance for handset insurance policies and extended warranty contracts offered to its mobile communications customers.
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