BT: 55,000 jobs cut
British telecommunications giant BT announced plans to cut up to 55,000 jobs by 2030, representing 42% of its workforce. The company cited the completion of its fiber broadband and 5G network rollout as reducing the need for maintenance staff. BT CEO Philip Jansen said the company would "digitise the way we work and simplify our structure" as part of becoming a leaner organization. The cuts follow similar layoffs across the tech sector amid inflationary pressures.
Conservative
0
Core Estimate
22,000
Upper Bound
38,500
Sources
UK telecoms firm BT to axe up to 55,000 jobs by 2030
UK telecoms firm BT to axe up to 55,000 jobs by 2030 # UK telecoms firm BT to axe up to 55,000 jobs by 2030 Layoffs comprise 42% of BT's workforce British telecoms group BT said on Thursday it will axe up to 55,000 jobs by the end of the decade in the latest tech jobs cull in response to rampant inflation. The layoffs, comprising 42 per cent of BT's workforce, come two days after UK mobile phone giant Vodafone unveiled plans to cut 11,000 jobs or one-tenth of staff over three years. "Both h
UK telecoms firm BT to axe up to 55,000 jobs by 2030
UK telecoms firm BT to axe up to 55,000 jobs by 2030 # UK telecoms firm BT to axe up to 55,000 jobs by 2030 Layoffs comprise 42% of BT's workforce British telecoms group BT said on Thursday it will axe up to 55,000 jobs by the end of the decade in the latest tech jobs cull in response to rampant inflation. The layoffs, comprising 42 per cent of BT's workforce, come two days after UK mobile phone giant Vodafone unveiled plans to cut 11,000 jobs or one-tenth of staff over three years. "Both h