Monday, May 14, 2018

Sprint Campus Layoffs Coming Soon Amid T-Moble Acquisition Telcom Crackdown

Local tech life is taking an EPIC hit whilst the local news is keeping Kansas City uninformed about a dying sector and the financial impact confronting residents. Read more thanks to some of the best and brightest among our blog community:

Opinion | When Companies Supersize, Paychecks Shrink

By Bryce Covert Ms. Covert is contributing opinion writer who has previously covered mergers and acquisitions. Anyone with a cellphone should have paid attention to the big merger news on April 29: T-Mobile and Sprint announced their intention to tie the knot after years of speculation.

7 Comments:

Anonymous said...

it seems like the concept of antitrust to combat monopolies became unfashionable at some point, maybe thirty years ago.

Anonymous said...

The merger of TMO and Sprint may lead to more jobs on the side of network, with the update to 5G, but you can be sure that common tasks the companies share (finance & accounting, marketing, etc.) are gonna get hammered. Whether this all nets out to additional jobs is anyone's guess and probably far fetched.

With all that said, who knows what happens to Sprint if they have to continue to go it alone. They have a $hit ton of debt coming due in the next 5-10 years and operating in the industry only continues to cost more with upgrades to networks. I guess it depends what Masa Son decides to do as he essentially owns the company anyway. Don't think he wants to take a big L on Sprint but that debt is an anchor that isn't going away and continues to get more expensive to service through re-structuring. Wireless is zero sum game anymore.

Diogenes Jr. said...

@ 8:58 you're right - to be precise it was thirty-seven years ago. Among the first of Reagan's acts after taking office were Executive Orders that struck down the prohibitions against "Leveraged Buyouts" and weaken the restrictions on the formation of monopolies.

Those were two of the most significant actions that brought on the Great Depress...(sorry)...Recession of 1987!

Anonymous said...

So. Much. Winning! MAGA!

Retro ROCKER said...

You have not seen anything. Yet It will be the future. Companies can't afford to pay a Hundred thousand dollars a year. The top wage earners will be laid off .And the golden getto,will feel the pain THE third most indebted County in the U.S THE mortgages will still be due the car payment .the boat payment The.R.V.PAYMENT. HEAR COMES THE REPO.MAN

Anonymous said...

MAGA! You lose a job!, you lose a job!, you lose a job! MAGA!

greg said...

Dst system is sold. Huge layoffs coming. 90% of staff are programmer types. Usually they leave for Sprint to get a nice pay raise