Vodafone Slashes 11,000 Jobs Amid Potential Merger

  • 📰 Forbes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vodafone plans 11,000 job cuts | CNN BusinessVodafone said Tuesday it would cut 11,000 jobs over three years, as the telecoms company unveiled a turnaround plan to revive its fortunes following years of poor performance.
Source: CNN - 🏆 4. / 95 Read more »