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Vodafone Slashes 11,000 Jobs Amid Potential Merger

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Vodafone, a British telecommunications company, plans to layoff 11,000 employees over the next three years.

the companies’ performance “has not been good enough” and changes had to be made in order to “consistently deliver.”it would direct more resources towards Vodafone Business, a leg of the company that serves corporate clients, as that division has continued to accelerate growth for the company.

Della Valle told reporters Tuesday that Germany, the company’s biggest market, was underperforming, and said in Spain a “structural change,” or full or partial sale, was possible, ReutersFree cash flow is estimated to fall from $5.2. billion to $3.59 billion for the fiscal year ending March 2024,The cuts are the largest reductions made in the company’s history,At the end of last year the company’s former CEO Nick Reed stepped down as is chief executive.

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