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BT to cut up to 40% of its workforce by the end of 2010

BT plans to cut costs and become a “thin company” by cutting up to 40% of its workforce by the end of 2010.

The group said Thursday it will cut 40,000 to 55,000 jobs, including employees and outside contractors, by 2030. The Group’s current workforce, including external contractors, totals 130,000.

“By continuing to build and connect at a furious pace, digitizing the way we work and simplifying our organisation, BT Group will have a much smaller workforce by the end of the 2020s,” said CEO Philip Jansen. and a significantly reduced cost base.”

BT announced that it has achieved £2.1bn in cost savings since April 2020, towards its target of £3bn. Earlier this week, Vodafone announced plans to cut 11,000 jobs.

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BT plans to cut costs and become a “thin company” by cutting up to 40% of its workforce by the end of 2010.The group said Thursday it will cut 40,000 to 55,000 jobs, including employees and outside contractors, by 2030. The Group’s current workforce, including external contractors, totals 130,000.“By continuing to build and connect at a furious pace, digitizing the way we work and simplifying our organisation, BT Group will have a much smaller workforce by the end of the 2020s,” said CEO Philip Jansen. and a significantly reduced cost base.” BT announced that it has achieved £2.1bn in cost savings since April 2020, towards its target of £3bn. Earlier this week, Vodafone announced plans to cut 11,000 jobs.
https://www.ft.com/content/b8d4e70c-7c28-424f-b345-9c84b8898939 BT to cut up to 40% of its workforce by the end of 2010

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