Vodafone cutting 11,000 jobs as new CEO says group ‘must change’

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Vodafone cutting 11,000 jobs as new CEO says group ‘must change’
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The Journal asked Vodafone Ireland if there are any indications that the job losses will include losses in the Irish workforce. In response, a spokesperson said they had nothing further to add beyond the statement from the company’s CEO.

BRITISH MOBILE PHONE giant Vodafone said it plans to axe 11,000 jobs over the next three years as new chief executive Margherita Della Valle seeks a “simpler” organisation.

Della Valle, appointed CEO on a permanent basis at the start of May after five months as interim boss, said the company must “simplify” and cut out complexity to regain competitiveness. He left with Vodafone in talks over merging its UK operations with rival Three UK, owned by Hong Kong-based CK Hutchison.Vodafone on Tuesday added that group revenue stood at €45.7 billion in its financial year to the end of March, almost flat compared with 2021/22.

It announced “11,000 role reductions planned over three years, with both HQ and local markets simplification.”

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