It's Been a Bad Week for Telecommunications Workers
T-Mobile's (NASDAQ: TMUS) long-standing assertion that its blockbuster merger with Sprint, which closed earlier this year after two years of legal and regulatory battles, would create thousands of jobs has always strained credulity. Eliminating redundant jobs is a typical part of realizing cost synergies from any business combination. The Un-carrier had already laid off some workers ahead of the deal's consummation.
This week, hundreds more telecommunications employees are losing their jobs.
Image source: T-Mobile.
Source Fool.com
