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T-Mobile Announces Price Increases for Some Older Plans
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I'm thinking that the average T-Mobile employee might make at most US$30,000, plus benefits, and much less in many states.
Yeah. There's no way I'm giving up the plan that I have. None of those are comparable in price.
I'm still rocking sprints (now grandfathered into tmobile) $15 unlimited * kickstart plan from summer 2018 ... https://www.slashgear.com/sprint-un...n-is-15-a-month-and-theres-no-catch-07533497/
Just another nudge toward cutting the e-cord on everything. This money-grab, post-COVID gouging was the last straw. Soon, it'll be OTA TV, radio and psychical media for me and that's it.
We all thought that “price lock 2.0” which really it isn’t was applicable to new customers only. I have a feeling someone will file a lawsuit again T-Mo and if the court decides that they have to honor that original price lock that I and millions of others had, Mike’s days as T-Mo CEO may be numbered.
Exactly. Now that a price lock doesn’t mean anything (unless the courts decide otherwise) and streaming has basically become cable by another name, maybe even worse than cable in the years to come, going really basic may be the only viable option for many. I’m thinking about switching to Mint which of course is owned by T-Mo so who knows what T-Mo has in store for that. Visible would be my next option but that’s owned by Verizon which I left for T-Mo in 2014 because they were draining me. I’ll see how far I get when I contact T-Mo customer service in a few minutes. Maybe they can throw me a bone?
I'm more upset at the 40% in fees/taxes/etc I pay ... $50 for 4 devices ... bill is $84/month ... that's reeeeeediculous ... worse than gasoline fees/taxes
Let us know how that goes - seriously. I’d like to learn about the response you get one way or the other.
For how long you’ll be rocking that plan is the question. If T-Mo can break their promises with a decade plus customer, what do you think they’ll do to a Sprint customer.
No luck so far. I used the chat feature on the T-Mo app. I spoke to a supervisor after being transferred.
Can you reverse the increase - no
Can you reduce the increase amount from $5 to $2 per line like some subscribers got - no
The supervisor did tell me that new plans will be announced, but he couldn’t tell me when that would happen. I didn’t have much hope, but I had to try. I might try calling T-Mobile next week. I had luck multiple times with Spectrum over the years when I was transferred to their retention department. I always end up getting a good discount on my internet and TV package.
If it's a public company read the SEC filings. If year over year or astounding profits, yeah, not so much inflation, but greed. This was pretty much the story with gas prices. Even fast food is realizing customers aren't interested anymore.
T-Mobile Connect exists, and they even have a $10/month basic plan that used to exist on their website but doesn't anymore. You have to ask for it.
Now that I work from home I don't need Unlimited data. The $25/month plan would suit me fine. I've been thinking about downgrading for a while and this may be a good reason.
Now that I work from home I don't need Unlimited data. The $25/month plan would suit me fine. I've been thinking about downgrading for a while and this may be a good reason.
IIRC, the average non-managerial employee makes just under $35K total compensation (salary and benefits). And as you correctly stated, in many places it's much less. In my home city, NYC, the minimum wage is $15/hr. So I imagine that many in states with the federal minimum of $7.25/hr make much, much less.
CEO Sievert made $37M+ last year in total compensation. Making his salary no. 16 on CEO pay for 2023 (FYI: T-Mobile's Fortune 500 rank is 96). This despite wasting $150M to booster cyber/IT security after their 2021 date breech that resulted in a $500M+ settlement. With
From Axios on Seattle CEOs:
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Considering that, in 1990, there were apartments made from old warehouses in Fort Lee, NJ for US$1400/month, in contrast to Brooklyn at $2500/month or Manhattan at $4000/month. How can someone afford to live, even on $15/hour in NYC now?
Maybe in some places, but here in rural north Georgia - county population of 22k people - fast food jobs start at $13/hr and warehouses/light-manufacturing start a little higher.
My nephew works for TMO in a non-managerial role elsewhere in GA and makes pretty decent money, definitely well over the minimum wage, though I don't know the exact amount.
And if you take his entire $37MM and spread it across the ~67000 TMO employees, they'd each get a truly life-changing $10.62 more per week before taxes.
You’re right. After I thought about it and mocked out orders for AT&T and Verizon, even with adding Netflix back to my TMO plan, I still would be paying less than the other two carriers. And like you mentioned, at least they’re paying $6.99 towards the sub (better than me paying $15.49 directly to Netflix).
The ugly truth is, and people don’t want to hear this, is that T-Mobile has always been and will be a third rate carrier. They had a cute campaign where they acted like they were fighting for the little guy and placated to customers but it was all smoke and mirrors. In the end they’re like any other company and only care about money and that is their top priority. Now they’re showing people what they really are.
At least with Verizon and AT&T you know they’re scummy and they don’t try to hide it. I can respect that, actually. T-Mo has always seemed so fake to me. Now we peel the layers back a little bit and see what’s under the surface and they’re just like the others.
At least with Verizon and AT&T you know they’re scummy and they don’t try to hide it. I can respect that, actually. T-Mo has always seemed so fake to me. Now we peel the layers back a little bit and see what’s under the surface and they’re just like the others.
I agree TMO is really like the other major carriers - certainly under the current management and CEO. But why do you think TMO is a third-rate carrier? In many ways they beat Verizon and AT&T (5G footprint among them). In other ways one of the other two is on top. And, generally, TMO is still cheaper. Calling it a third-rate carrier just sounds like an empty insult because you’re angry.
Let’s include the entire board:
For a grand C-Suite total of $91,287,175
But let’s not forget the $150,000,000 for the IT Security Boost in response to the 2021 data breach. Or the $500,000,000 for the 2021 data breach settlement. And who knows how much for the three (+?) data breaches in 2023. Or the known data breach so far in 2024.
All of the above are well compensated while providing insecure, inadequate service for well over 100 million customers. And then decide to give short notice about a rate increase within a week of the CEO’s $6M+ stock cash out and buying out an independent MVNO that I’m sure will see rate increases in the not-too-distant future.
Wow, now we're up to a stunning extra $26.20 per week for each employee. Book the cruise!
Not relevant to the "spread the CEO pay to the employees" thrust by some here.
Do share also the IT Security spending for Verizon and AT&T - as they too have had their data breaches - so we can compare. (and companies have to spend on IT security - whether to prevent a breach or in response to one)
Oh and that $650MM spread across 109.54 to 119.7 million subscribers 22Q1 through 23Q4 is almost 24 cents a month per subscriber. Big impact there, yes-siree.
Funny how after T-Mobile bought out Sprint they went from having a very obvious value proposition (40% less than ATT/Verizon) to the only savings are about $9 or the fees they include.
They really have gotten expensive and greedy, so raising old place on people who helped them climb out of worse /lowest ranked wireless company in America to where they are and screwing them is corporate America at its finest.
They really have gotten expensive and greedy, so raising old place on people who helped them climb out of worse /lowest ranked wireless company in America to where they are and screwing them is corporate America at its finest.