British Vodafone planning hundreds layoffs to save money

The British company Vodafone, one of the world’s largest mobile operators, plans to cut staff by laying off hundreds of employees in order to cut costs – as reported by the Financial Times

Photo: www.reuters.com

It is noted that most of the layoffs will affect the headquarters, which is located in London. According to the publication, these reductions will be the largest for the company in the last five years.

It is known that last year was very difficult for Vodafone due to increased energy prices and rising interest rates.

Because of this, the company had to get rid of inefficient divisions and to decentralise global operations in order to optimise costs.

It is specified that Vodafone currently employs about 104,000 employees worldwide.