Vodafone, the telecommunications giant, has announced the cutting of 2,000 jobs. The announcement follows a change in management.
The move is also said to be a part of its cost-saving measures to trim “personnel costs.”
The scale of the cuts represents nearly 13 per cent of the total workforce. However, it’s not merely a matter of downsizing; Vodafone is repositioning itself, intending to allocate resources to promising sectors such as cloud services and smart home solutions, potentially increasing staff in these areas.
In response to the announcement, employees are expressing both dismay and determination. Trade unions, such as Verdi, have voiced their opposition to Vodafone’s decision, echoing the discontent among workers. Some employees have even expressed cynicism, recalling a previous round of layoffs less than a year ago, which saw 900 job losses and 400 internal transfers.
Last year, in May 2023, the telecommunication giant announced that it’ll be cutting the staff by 11,000 employees. The reduction was said to happen over a the next three years.
The move marked one of the largest layoffs in the telecom industry. However, the decision was said to be taken in pursuit of a ‘simpler’ organisational structure, as the company anticipated little to no earnings growth in the upcoming financial year.
