T-Mobile Setting Aside Millions Of Dollars To Keep “Top Employees”

While T-Mobile and AT&T continue efforts to seal their relationship, T-Mobile USA is setting aside cash in order to keep top employees on board should the deal go through. According to a Wall Street Journal report, T-Mobile has set aside $64 million dollars during the last two quarters, which earnings reports have listed as costs involving “primarily consisting of employee-relating expenses.”

A Deutsche Telekom spokesman said that the company is taking “precautionary action to keep top employees on board” resulting in this cash hoarding. AT&T originally planned to close the deal by March of 2012 but with the Department of Justice lawsuit still ongoing, they’ve pushed back the expected transaction close date a few more months.

Can we stop and consider for a moment what $64 million would do for the employees who are actually at risk of losing their jobs and livelihood should this deal go through? Oh right, close to 100,000 jobs will be added.

Wall Street Journal

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  • Anonymous

    David, is that picture from your basement?

    • http://tmonews.com David

      No, the bedroom down the hall.

      • Lee

        Lol. But on a serious note, this is what happens on a daily basis. Top dogs get the sirloin while the tints get a wish sandwich.

      • zazou1

        The basement was getting full huh?

  • Kevin

    Meh.

  • LETICIA GALLARDO

    Sweet! Job assurance is never something to sneeze at.

    • http://tmonews.com David

      This could just be for “top employees,” which likely means execs and not low level retail employees.

      • bfready

        Just like every other frikken company…. Watching out for their executive buddies! 

      • Duckzilla

         It’s for “Top Performers” in all aspects of the business. These are individuals whose performance in the past has exceeded company expectations based on the regular review process of employees. This is not for “top execs” they’re in a completely different pool.

      • justAphoneRep

        im not an “exec” im just a reg agent at a call center and this bonus makes me want to do more on my job. the more you do, the more you get with your bonus each month. even if tmo lasts for 2 yrs. or maybe more (who knows) i know that i have a bonus check each month as well as a sev. package if the comp. goes to someone else. .

  • Anonymous

    Will it blend??

    • BigMixxx

      LOL!

  • Anonymous

    I really don’t know what to think of this.  Initially disgust.  We all knew those at the top would be taken care of but wow.  Then my mind shifted to how this would affect the DOJ in their claim to not allow this “merger”.  Wouldn’t this in a way prove there would be layoffs and people leaving the company if the deal goes through? 

    It just feels like a bad move.

    • PhantomWraith

      Either that or proves ATT is a really bad company to work for, Have to pay them triple to just tempt them to work for ATT

  • BigMixxx

    Well, that money ain’t for Julie who works at the store.  It’s for Ridley, VP of Golf.

    • Thisguy

      In all fairness, Ridley is really good at golf

  • http://pulse.yahoo.com/_YZYZDJ7XT5VBWZEWZHSQYSOCQU Erick

    Only if I had that stash of money for a rainy day :(

  • Donjuan

    this is not for top level employees but for top performers. to keep the ship from completely sinking before the acquisition. its for regular joes. engineers and techs.

    • http://pulse.yahoo.com/_YVZE4RK7QDXKVR3U3X5XM6RVE4 Kevin

      No, it is for executives. Don’t BS on here. The regular Joes at T Mobile are gone to unemployment land of this passes.

  • Ginadee

    Everyone is in fantasy land.  It’s not our job to worry about layoff’s that might incur if the merger proceeds.  

    I just wish this was over with already so all those still in denial can move on with their lives. 

  • http://twitter.com/archangel52005 Mike

    I myself am planning on nothing regardless of what I hear and read. In the end its all speculation. As far as I’m concerned everyone is at risk until the deal is complete or dead in the water. I’ve been a customer for over 8 years and an employee for just about a year now, I like this company or I did, but this merger is like a poison and is pretty much destroying us. Just my opinion…

  • http://pulse.yahoo.com/_YVZE4RK7QDXKVR3U3X5XM6RVE4 Kevin

    This deal should be stopped and the DOJ should make it clear that there will be a minimum of 4 national and 2 regional carriers across the United States.

    • InvisibleHand

      Why?

      • TMOTECH

        Competition. To keep prices from going too high. Hello…

        • Guest911

          So then congress should mandate 4 new national carriers to increase competition even more. I’m not for the Att buyout but have an issue with illconceived comments.

  • http://twitter.com/Ac3of2pade2 Ac3of2pade2

    I really hope this deal goes through. I want LTE.

    • Aero

      Then…go switch to VZ or AT&T? Why hang around Tmo?

    • Jabombardier

      LTE isn’t any faster than HSPA+ 42
      Not gonna see benefits.

      • VisualFX

        I have Verizon 4G LTE and I get constantly 20 Mbps Down and 10 Mbps Up with a maximum of 27 Mbps Down and 15 Mbps Up. That is MUCH MUCH MUCH better than I EVER got at shiTMO which max of anything was never more than 7.5 Mbps Down and 2 Up which is almost shitty ATT DSL service. I prefer Verizon any darn day over TMO’s crappy service, network and all.

      • VisualFX

        I have Verizon 4G LTE and I get constantly 20 Mbps Down and 10 Mbps Up with a maximum of 27 Mbps Down and 15 Mbps Up. That is MUCH MUCH MUCH better than I EVER got at shiTMO which max of anything was never more than 7.5 Mbps Down and 2 Up which is almost shitty ATT DSL service. I prefer Verizon any darn day over TMO’s crappy service, network and all.

    • Anonymous

      Someone responded to a question I had about LTE vs HSPA+.  It was a very interesting read and the jist of it is this, TMO is building out their exisiting HSPA+ network which is capable of tremendous speeds far beyond the 42mbs stage they are on.  There are other countries with networks doing the same thing with speeds far above this (I had to research what he was saying and it turned out to be true).  They are saving money going this way compared to building an entire new network like Verizon or what ATT is doing.  At the end of all the upgrades they will essentially have an LTE network in place and just require a few other upgrades to be considered LTE.  In the meantime TMO has a really fast network that every phone they sell benefits from and they are saving money.  Unlike Verizon LTE

      http://www.tmonews.com/2011/11/htc-amaze-4g-confirmed-to-have-att-4g-bands-on-board/#comment-359235000

    • What ?

      You should try Verizon .

  • MagentaMadness

    Are they talkin about our retention bonus? 

  • Boomer

    This cash is being set aside to supplement retention bonuses for high performing employees from the bottom up. I know of a few frontline employees who have received a significant increase in their retention bonuses.

  • BP

    This is business as usual for any company.  For those of you that are complaining I have a plan for you.  Buy T-Mobile on layaway for 40 billion dollars since that is the theme this holiday for stores.  Even though your credit will be messed up for life, we will all have the iPhone, Galaxy Nexus, Ice Cream, more coverage, etc before everybody else while still having affordable prices.  Oh and we all need this done before Christmas.  Thanks in advance.

  • Anonymous

    They should raffle that money off to a few lucky retail employees…..such as myself…..lol

  • Turdnugget0420

    T-mobile execs don’t realize how much stress this BS puts on current frontline employees (the ones that actually do work).

    I wish this would just go through so people know what their fate is and can move on.

    T-mobile has made it very apparent they don’t give a shit about their frontline or their customers.

    • Sully

      LOL ! And AT&T does . AT&T has had legislation passed that has stopped its customers from being able to take AT&T to court for misbilling . As far as AT&T’s frontline , they are being worked though the ground and are going through layoffs . Yet they are unionized ? Unions obviously aren’t there to represent the workers . Its to work with politicians .

  • Rayen321

    2k to 5k for retention bonus. It was not enough to keep me there. T-Mobile is a sinking ship and most see that. My managers were sticking around for the severance package (with is awesome the higher you go).

  • Guest

    The money will go to the 1 % at t-mobile. hint it is not you, customer service or retail sales. Some money may trickle down but you have to ask yourself how long have you work there. From a profit loss stand point your in trouble.

  • ItsMichaelNotMike

    Some of you in here need to look up the business definitions for “retention bonus” and “top employees.”

    And if you think this pertains to line employees and management (or anyone who hangs in here) , while you’re at it look up the definition of “delusional.”

    • Frigadroid

      You know who I think is delusional? The top employees who came up with the idea that they were doing a good enough job to deserve a retention bonus.

  • TMoFan

    Most T-Mobile employees will be screwed by the sellout. This is pretty typical though. The very few at the top will get rewarded, Humm will fly back to Germany after fulfilling his role as caretaker, and the rest will be spat on by the death star and their bs lies. Thankfully this deal is toast.

  • Rol

    As a tmobile sales rep i can say lies lies lies….

    Corporate always says “front line employees are #1″

    Lol yea ok. Were disposable pawns to tmobile

    • tmo5

      Yeah #1… to get fired FIRST!

  • ConspiracyTheory

    So now we know the real reason why tmob went on a firing spree of tenured reps…they needed to save every dime to keep corporate execs and useless tm’s who harass us day in and day out! Could this be another example of ‘corporate greed’?? OCCUPY!!!

    • ConspiracyTheory

      Its a little too late for a union now. The firing sprees have leveled off, the retention and severance pays have already been told to us months ago. They are even starting to hire again and they don’t have to pay the newbie’s any severence or rention

    • Conspiracy Idiot

      Tenured reps are only getting fired when they are under performing.  Imagine that…doing your job well.

      • ConspiracyTheory

        Conspiracy idiiot, yes you sound like an idiot cuz you have no clue do you.

      • ConspiracyTheory

        TM’s are firing reps who are performing well. imagine that… doing their job properly! TM’s will be lucky if they can have a job scrubbing the toilets after the merger happens. Hahaha.

  • Conchesuma

    You want to be heard then voice your opinion. Get representation and get a union, I heard that techs, sales reps, and care reps met in washington dc to form a union, theres a video on youtube.

  • Haleyownns

    With the firing spree that has been happening this just sounds crazy. I was fired from the a Tmobile last week along wih 3 other former top performing reps, all our stats were great except for sales. In fact my former call center fired 20 reps in one week, including people that had just gone to the inner circle banquet. Tmobile is only keeping those reps who have high sales, even if they are doing it without the customers knowledge. The best thing that ever happened to me was getting fired. Also in the month of October tmobile fired over 2500 people through out the company

    • Liar,YouWereNotA”TOP”Rep

      Obviously you were not a “TOP” sales rep if all of your “stats were great but for sales”. If you were a “TOP” performing rep then you would be top performing at sales. They fired you because it is a sales driven job and you, by your own admittance, did not perform well in. Stop acting as though they attacked you and fired you wrongfully. You were in a sales driven industry and couldn’t even sell. You were fired because you were incompetent and for no other reason. There is no way that you were actually a “TOP” rep or you would still have your job.

      • 4mrTmoRep

        You are obviously ignorant to what T-Mobile has been doing to its employees. As a rep in a call center you are measured on about 8 different metrics that associate with your ranking as a rep. Sales wasn’t one of them in the history and when it became one it was corrupt and out weighted the other metrics. So you could be doing well in 7 out of 8 things and be considered a low ranking employee. The way sales started out you got credit for any feature that you added to the customers account and weren’t deducted for anything that you removed. Then you started being counted for your deductions, unless it was within 5 days of the day it was added then it fell on the original rep who added the feature. Well throw in 30 day free trials of internet that costs $30 and you have a very unfair metric that’s called sales, but it’s really not sales. Well to add to the mix right before the value plan were introduced not only were you deducted if you removed a feature now you are deducted if you lower the cost of the plan. Well how is this fair or a true measurement of sales for the reps when the company just reduced the cost of most of the plans by $30 to $40 per month? Throw in a text message to the customers letting them know that we lowered the cost of our unlimited plan prompting customers to call in and you are feeling pretty screwed as an employee. Also, if someone added something by mistake or the computer miscalculated a feature and you had to take that off to correct the customers account for future billing purposes again you are a terrible sales person. So, if you couldn’t figure out the game that they played then you were fired. I’m glad I got out when I did which was last month and now work for a place where the quality of your call is valued. So know your facts before you judge someone and call them a terrible rep. Tmobile values sales over customers services and resolutions. They may tell you different but the way they treat their employees speaks volumes to how things have changed without Sue Nokes. That’s why I’m happy to work for her again.

        • Haleyownns

          THANK YOU! you totally nailed the bs that is spph at tmobile. the reason why my sales were so bad is because i was a honest employee, i didnt add feature to boost my numbers and if someone didnt need a feautre id remove it. i got fired because i cared too much about my customers and not the companies bottom line.

        • Mpr92482

          I was fired March 25th and I tracked my removals. I didn’t do the amount of removals that was shown. I was a former Suncom employee, that was bought by Tmo in 2008. That’s was shady how they messed up those customers accounts. Then this fake sales?? My coach pulled 44sec call, said I didn’t offer to the customer, and that got me fired. I’m seeking legal action, along with several other previous reps. That was a hell hole, and a hostile work environment.

        • Hot

          What center were u at??? I thought they couldn’t score a call less than 3 mins???

      • Haleyownns

        im not saying that the fact that i was fired was wrong, or that they attacked me, and i also said FORMER, which is something that you didnt see. tmobile is not caring about anything else other then sales and who they are keeping and firing is saying that., im happy that i got fired and ive never been happier and im also happy im no longer a tmobile customer so i dont have to worry of the chances of talking to a shady rep.

      • NONE OF YOUR BUSINESS

        NOT ALL OF REPS ARE SALES REPS, THIS MAY BE A LITTLE LATE ON RESPONDING , BUT TMO STILL HAS CUSTOMER SERVICE REPS AND A IN HOUSE TELESALES REP DEPARTMENT. IT IS NOT ALL A SALES DRIVEN ATMOSPHERE. IN CUSTOMER SERVICE THEY DO EXPECT YOU TO TRY AND FORCE DATA, CALLER TUNES AND OTHER SHIT ON CUSTOMERS, AND AS FAR AS TMOBILE S LLIVE THE VALUES AND BEING MOST ETHICAL, THEY ARE THE FARTHEST FROM BEING MOST ETHICAL. IN TELESALES YOU CAN NOT GET THE SAME ANSWER FROM 2 COACHS OR SENIORS IF YOU ASK THEM ABOUT THE SAME POLICY QUESTION, THEY TELL YOU TO USE A PERSONS SOCIALSEC NUM IF THEY DO NOT HAVE AN ID , AND TO USE A FAMILY MEMBERS OR FRIENDS CC IF THEY DONT OWN A CREDIT CARD. HOWEVER THE CC REQUIREMENT AND ID REQ IS TO VERIFY IDENTITY AND PREVENT FRAUD. HOW CAN YOU VERIFY SOMEONES IDENTITY IF THEY USE A ID THAT DOES NOT EXIST AND A CC IN SOMEONE ELSES NAME. VERY ETHICAL THERE HUH ? MAYBE BEFORE YOU CALL SOMEONE A LIAR YOU SHOULD CHECK UR FACTS

  • Anonymous

    So. What are we and/or you doing to stop the merger?

  • Ccrk2001

    Everyone keeps talking about sales reps. I hope you realize there are many more front line employees than sales. There are plenty of engineers. You know, the ones that keep the cell sites working properly or the ones that optimize the sites. I am talking about switch, field, and RF technicians.

  • Ccrk2001

    Everyone keeps talking about sales reps. I hope you realize there are many more front line employees than sales. There are plenty of engineers. You know, the ones that keep the cell sites working properly or the ones that optimize the sites. I am talking about switch, field, and RF technicians.

  • Ponbiki13

    FYI those millions translates to only about $1500.00 per employee to “retain” them…. Big numbers only stand out when not divided among the “how many” involved.

  • Ponbiki13

    FYI those millions translates to only about $1500.00 per employee to “retain” them…. Big numbers only stand out when not divided among the “how many” involved.

  • Mr. Perfect

    That’s why we need to form a UNION!