Telecom giant Vodafone to cut 10% of global workforce

Source: Washington Post

“Telecommunications giant Vodafone said Tuesday it would be cutting 11,000 jobs over the next three years, after announcing poor full-year financial results. … The company’s financial report for the year ending in March forecast a $1.6 billion (1.5 billion euros) decline in free cash flow for this year, and the job cuts are the biggest in the firm’s history, according to Reuters. The England-headquartered company employs about 100,000 people globally, with a large presence in Europe and Africa.” (05/16/23)