Wednesday, April 7, 2021

Shentel to Lay Off 30 Percent of Workforce Pending Sale to T-Mobile

 Shenandoah Telecommunications (NASDAQ: SHEN) announced yesterday that it is implementing a workforce reduction in anticipation of the pending sale of its wireless assets and certain liabilities to T-Mobile US. The organizational restructuring plan is expected to impact approximately 340 employees, or 30 percent, of the company’s workforce, across its six-state Mid-Atlantic service area.  

Approximately 90 percent of the reductions are employees who support wireless operations and who will not automatically transfer to T-Mobile as part of the transaction.  Most of the employees impacted by the workforce reduction will exit the telecom provider in 2021, following the sale. Continue Reading

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