Business · Companies · 6 hrs ago
Vodafone plans to cut one in five jobs and increase its use of AI
Vodafone plans to cut one in five jobs as it steps up its use of artificial intelligence.
The company is based in Düsseldorf, Germany, and operates a telecommunications network.
It says the changes are meant to simplify its structure and strengthen the business after years of losing customers.
Vodafone also plans to reduce other operating costs, with staffing costs a main focus.
The company says it has stabilised its business and regained momentum with business customers, but that these gains are not enough.
Its chief executive, de Groot, said the market is changing fundamentally and faster than before.
The company has not given a timetable for the planned cuts.
Vodafone plans to cut one in five jobs and increase its use of artificial intelligence.
The company said the measures are intended to simplify its structures and make it more competitive after years of significant customer losses.
Planned savings include lower material and operating costs, with personnel costs a main target.
Vodafone said it had stabilised its business and was gaining momentum in its business-customer segment.
De Groot said market change was happening fundamentally and at a speed the company had not experienced before.
- Who
- Vodafone.
- What
- It plans to cut one in five jobs and increase its use of AI.
- When
- Not stated
- Where
- Vodafone, a network operator based in Düsseldorf, Germany.
- Why
- The company said it needs to simplify its structures and become more competitive after years of significant customer losses.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Planned job cuts
- One in five jobs
- Company location
- Düsseldorf, Germany
- Cost-saving focus
- Personnel costs, alongside material and operating costs
- Business-customer segment
- Vodafone said it was gaining momentum again
What people are saying
We have stabilised our business, are gaining momentum again in the business-customer segment and are getting better with products, networks and services.
But the truth is also that all this is not enough. For our market is changing fundamentally and at a speed we have never experienced before.