Vodafone Layoffs To Affect Hundreds As Company Plans Biggest Job Cuts In Five Years: Report
Vodafone layoffs are reportedly the next in line, ready to impact hundreds as the world economy struggles to cope. As per latest updates, these Vodafone layoffs may be the biggest round of job cuts for the company in last five years.
According to a report in the Financial Times, Vodafone is resorting to these job cuts as the telecoms group is trying to rein in costs and revive its performance. Moreover, the company is looking to axe hundreds of jobs, mostly in its London headquarters.
The FT report on Vodafone layoffs adds that the company employs about 1,04,000 people globally and out of these, 9,400 are in the UK alone. It has also had a challenging year as it came under pressure from several investors to simplify it sprawling business, shed poorly performing units and decentralise its global operations, as per the report.
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