1 year ago
BT Boss: AI Could Worsen Job Cuts, Openreach Spin-Off Possible
BT, a major British phone and internet company, is planning to reduce its workforce.
The new boss, Allison Kirkby, believes AI could lead to even more job cuts than originally planned.
The company already planned to cut thousands of jobs to save money.
Kirkby thinks AI could help them do more with fewer people.
She's also considering spinning off Openreach, the part of BT that handles internet and phone lines.
Last month the company said it did well with fiber internet, offsetting other declines.
BT Group CEO Allison Kirkby suggests AI could lead to deeper job cuts.
BT plans to cut over 40,000 jobs and reduce costs by £3 billion by the end of the decade.
Kirkby indicated AI's impact might lead to further workforce reductions.
BT previously announced up to 55,000 job cuts by 2030.
Kirkby is open to a potential spin-off of Openreach, BT's network infrastructure business.
- Who
- Allison Kirkby, CEO of BT Group.
- What
- BT Group CEO Allison Kirkby expects AI to deepen job cuts and is open to a possible spin-off of Openreach.
- Where
- United Kingdom
- When
- Reported on Sunday by the Financial Times.
- Why
- BT aims to cut costs and adapt to technological advancements, particularly AI.
Company Strategy
N/A
AI's impact on workforce
Company Strategy
Implementing AI to reduce costs and increase efficiency.
N/A
Not applicable, as only company perspective is provided.
Openreach Strategy
Company Strategy
Considering Openreach spin-off to reflect its value.
N/A
Not applicable, as only company perspective is provided.
Key facts
- Company
- BT Group
- CEO
- Allison Kirkby
- Planned Job Cuts
- Over 40,000
- Cost Savings Target
- £3 billion
- Potential Openreach Action
- Spin-off
