Vodafone is a British multinational telecommunications company. It predominantly operates services in Asia, Africa, Europe, and Oceania. As of January 2023, Vodafone owns and operates networks in 21 countries, with partner networks in 47 further countries. Its Vodafone Global Enterprise division provides telecommunications and IT services to corporate clients in 150 countries.
After Amazon, Google, Meta, and others cut thousands of jobs, Vodafone is also following its path by taking the decision of cutting 11,000 jobs over the next 3 years.
This is going to be one of the biggest layoffs in the telecom industry. Ericsson was the telecom equipment maker that laid off employees earlier. Ericsson has laid off 8,500 employees globally as part of its plan to cut costs.
Margherita Della Valle, the new chief executive of Vodafone, asserted that the decision to cut jobs had been taken as the company seeks a “simpler” organization as it forecasts little or no growth in earnings for the new financial year.
Recently, Vodafone has reportedly cut jobs in its big markets. Earlier this year, 1,000 jobs were cut in Italy and the media reported that Vodafone was looking to cut around 1,300 in Germany.
Amazon terminated a huge number of employees in India across businesses and functions earlier this Monday. Amazon sacked 500 employees in India in the Amazon Web Services, Human Resources, and support function teams of the company.
Google laid off 12,000 employees across the globe. In a letter to employees laid off in India, Sundar Pichai, the CEO of Google, took full responsibility for the job cuts.
