from the who-could-have-possibly-predicted-this dept
Former T-Cellular CEO John Legere repeatedly promised in print that the Dash merger would end in a large surge in new jobs. In a rambling missive that took intention at critics of the deal, who predicted job losses, the charming potty-mouth CEO proclaimed that critics have been mendacity, and that the deal could be “job constructive from day one” and every single day thereafter.
Yeah, about that.
The latest tally by industry watchers signifies that 9,501 workers have misplaced their jobs because the two corporations merged, with hundreds of these cuts taking place earlier than the deal ink was even dry. That is after all what at all times occurs with “development for development’s sake” consolidation, nevertheless it’s uncommon we glance backward to meaningfully tackle such claims lest we be taught one thing from expertise.
9,500 jobs have now disappeared throughout T-Cellular and Dash since their deal was first introduced in 2018. That’s 12% of the overall again then, a determine that will be excessive even when the businesses had not promised to be job creators. The message from Legere, designed to win over competitors authorities and opponents, had been unequivocal. “This merger is all about creating new, high-quality, high-paying jobs, and the New T-Cellular will likely be jobs-positive from Day One and every single day thereafter,” he mentioned.
T-Cellular isn’t fairly the competitor it was both, now that the overall variety of wi-fi carriers have shrunk from 4 to 3. Gone are the actually disruptive “uncarrier” bulletins, and of their place is one other completely extraordinary wi-fi big that tries its finest to keep away from competing straight on value, because it tries to seek out inventive new methods to impose annoying fees.
It’s 2023 and the “uncarrier” still can’t secure its wireless network from hackers, remains to be making an attempt to struggle a wrist slap high quality for playing fast and loose with user location data, and remains to be mendacity about its 5G protection to grab government subsidies it may not deserve.
The merger definitely made former CEO John Legere an excellent wealthier man, and it definitely paid out for buyers as the large spectrum holdings permit it to fend off the opposite two business giants within the 5G protection race. However as any person that has lined telecom mergers for a very long time, it’s nonetheless positively beautiful how little we be taught from expertise the place megadeal employment guarantees are involved.
Filed Underneath: 5g, competition, consolidation, fcc, jobs, john legere, megamergers, telecom, wireless
Corporations: t-mobile
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