New York, Feb 2, 2026, 21:06 EST — Market closed.
- T-Mobile shares dropped 1.1% on Monday, underperforming Verizon and AT&T
- A Washington state filing reveals 393 job cuts scheduled for April 2
- T-Mobile is set to report earnings on Feb. 11, before the market opens
T-Mobile US shares slipped 1.1% to close at $194.99 on Monday, lagging behind while the S&P 500 climbed 0.54% and the Dow rose 1.05%. Verizon saw a modest gain of 0.20%, and AT&T added 0.34%. MarketWatch
The move has traders debating how much of the sell-off was tied to specific stocks versus just repositioning. Job cuts and an upcoming earnings report tend to refocus attention on the fundamentals: subscriber growth, pricing strategy, and expenses.
A Worker Adjustment and Retraining Notification (WARN) filed with Washington state reveals T-Mobile intends to cut 393 permanent jobs starting April 2. The layoffs will hit its Bellevue headquarters, other offices, and some remote positions. The company clarified these sites will remain open. FOX 13 Seattle
GeekWire reported the layoffs hit over 200 job titles, with a sharp focus on senior and director positions. T-Mobile stated it is “making some changes while continuing to hire,” calling the environment “a dynamic market.” GeekWire
On Monday, the stock fluctuated from $194.09 to $199.27, with roughly 7.8 million shares traded, according to market data.
The wireless landscape is evolving. Verizon is reportedly searching for a new leader for its consumer division, aiming to boost its standing against competitors, according to the Financial Times. Financial Times
T-Mobile investors are eyeing Feb. 11 next, when the company plans to release its quarterly earnings ahead of the market open. Nasdaq
The report will shift attention to postpaid customer additions, specifically contract customers, along with any shifts in promotional activity. Management’s remarks on spending and margins for the year will also be under scrutiny.
Job cuts might trim expenses, but they also raise red flags about slowing growth or mounting pressure from competitors pushing harder decisions on staffing and service.
Traders will be watching closely in the next session to see if the stock steadies following Monday’s dip and if any new details surface from filings or company updates about the extent of the cuts. The real challenge hits on Feb. 11.
