T-Mobile US to cut 5,000 jobs By Reuters

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<span>© Reuters. A T-Mobile employee assists a customer as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, U.S. November 22, 2019. REUTERS/Mark Makela</span><br />
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<p>(Reuters) – T-Mobile US (NASDAQ:) plans to cut nearly 5,000 jobs, or about 7% of its workforce, in the United States, the telecom giant said on Thursday, as it grapples with higher customer acquisition costs.</p>
<p>The jobs cuts will be made in the next five weeks and will target corporate and back-office roles, and some technology jobs, CEO Mike Sievert said in an email to employees.</p>
<p>Retail and consumer care divisions will not be impacted, it added.</p>
<p>The company expects to incur a pre-tax charge of about $450 million in the third quarter.</p>
<p>Shares of the company were down about 0.4% in early trading. </p>
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