Vodafone Plans To Cut 11,000 Jobs In Three Years To Reduce Costs And Regain Competitive Position

Written by Bruno Teles

Published on 16/05/2023 at 18:22

FOTO: Vodafone

Be the first to react!

The New CEO of Vodafone, Margherita Della Valle, Announced That the Company Plans to Cut 11 Thousand Jobs Over a Three-Year Period in an Attempt to Reduce Costs and Regain Its Competitive Position in the Market.

The telecommunications company had previously warned that the underperformance of its largest customer base, Germany, would affect its cash flow.

Vodafone’s shares, which have underperformed against its competitors in many of its key European markets, fell to a low since the beginning of the year and were traded down 5.5% on Tuesday.

The Mass Layoffs That Vodafone Plans Are the Largest in Its History.

The company directly employs 90,000 people in Europe and Africa. Della Valle has already begun to streamline the company’s operations in London since taking over as CEO earlier this year. Now, the new cuts will be distributed across all markets where Vodafone operates, and more jobs will be reduced in the center.

ARTICLE CONTINUES BELOW

Vodafone Reported a 1.3% Decline in Group Earnings, Reaching €14.7 Billion for the Year, in a Scenario Where the Company Itself Had Projected Growth.

Etisalat, a telecommunications company from the United Arab Emirates, acquired a 14.6% stake in Vodafone, while French telecommunications billionaire Xavier Niel, a competitor of Vodafone in Italy, and Liberty Global, a partner of the company in the Netherlands, are also investors.

Analysts argue that with the sale of Vodafone’s operations, all three investors have a chance to profit.

In her strategy, Della Valle stated that she will maximize the potential of business customers, a historical strength of Vodafone, while focusing on basic aspects such as improving customer service for consumers. Vodafone had already started cutting jobs in key markets by eliminating a thousand positions in Italy and is expected to cut around 1,300 jobs in Germany, according to media reports.

Vodafone Plans To Cut 11,000 Jobs In Three Years To Reduce Costs And Regain Competitive Position

The New CEO of Vodafone, Margherita Della Valle, Announced That the Company Plans to Cut 11 Thousand Jobs Over a Three-Year Period in an Attempt to Reduce Costs and Regain Its Competitive Position in the Market.

The Mass Layoffs That Vodafone Plans Are the Largest in Its History.

Vodafone Reported a 1.3% Decline in Group Earnings, Reaching €14.7 Billion for the Year, in a Scenario Where the Company Itself Had Projected Growth.

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

Material once seen as a poor man’s choice returns as a climate bet, with red clay replacing part of the gray concrete in modern buildings, hospitals, houses, and a cultural center that transforms tradition into a solution against urban heat.

Japanese ship that “flies” over the sea draws attention by lifting the hull with underwater wings, using a turbine engine, and crossing routes to islands at high speed, reducing long trips and providing passengers with an experience similar to that of an airplane.

With only 30.7 km² and 404 thousand inhabitants squeezed into an area smaller than Guarulhos Airport, Diadema is the city with the highest population density in Brazil.

Brazil seeks to transform natural resources, energy, mining, oil, and gas into sustainable wealth with strong engineering, competitive industry, technology, productivity, and long-term planning.

While many people see cardboard as packaging waste, the Netherlands transforms 24 rolled layers into a mold for a modular house that arrives ready, accommodates a kitchen and bathroom, and can be installed on the site in just one day.

WEG opens a job vacancy for Maintenance Mechanic I in Betim with applications open until June 2026

Mysterious moon of Neptune may be the sole survivor of a violent space catastrophe, scientists say

Vodafone Plans To Cut 11,000 Jobs In Three Years To Reduce Costs And Regain Competitive Position

The New CEO of Vodafone, Margherita Della Valle, Announced That the Company Plans to Cut 11 Thousand Jobs Over a Three-Year Period in an Attempt to Reduce Costs and Regain Its Competitive Position in the Market.

The Mass Layoffs That Vodafone Plans Are the Largest in Its History.

Vodafone Reported a 1.3% Decline in Group Earnings, Reaching €14.7 Billion for the Year, in a Scenario Where the Company Itself Had Projected Growth.

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

Material once seen as a poor man’s choice returns as a climate bet, with red clay replacing part of the gray concrete in modern buildings, hospitals, houses, and a cultural center that transforms tradition into a solution against urban heat.

Japanese ship that “flies” over the sea draws attention by lifting the hull with underwater wings, using a turbine engine, and crossing routes to islands at high speed, reducing long trips and providing passengers with an experience similar to that of an airplane.

Portugal and Ireland strengthen migration barriers against Brazilians in 2025 with increased inspections at airports, expand control over irregular stays, and increase the number of travelers prevented from entering even with valid reservations and tickets.

See how much a bricklayer, an electrician, and a plumber charge for labor in May 2026 and find out why simple renovations can cost twice as much as expected, which services weigh most on the budget, and how each professional calculates the final price.

WEG, a model company from Brazil, heavily invests in the USA with a new factory

Brazilian company lays off 6,600 employees and brings joy to investors: thousands of workers lose their jobs amid painful cuts, but the market celebrates the stock’s reaction after the retailer promises more profit, cost control, and accelerated expansion in the country.

Gasoline at R$ 4.99 makes drivers wait more than an hour at Havan gas stations in Santa Catarina, during a “zero tax” promotion with a limit of 15 liters per car and 25,000 liters available across five units of the network.

With only 30.7 km² and 404 thousand inhabitants squeezed into an area smaller than Guarulhos Airport, Diadema is the city with the highest population density in Brazil.

Brazil seeks to transform natural resources, energy, mining, oil, and gas into sustainable wealth with strong engineering, competitive industry, technology, productivity, and long-term planning.

While many people see cardboard as packaging waste, the Netherlands transforms 24 rolled layers into a mold for a modular house that arrives ready, accommodates a kitchen and bathroom, and can be installed on the site in just one day.

WEG opens a job vacancy for Maintenance Mechanic I in Betim with applications open until June 2026

Mysterious moon of Neptune may be the sole survivor of a violent space catastrophe, scientists say