Vodafone Job Cut: After retrenchment in tech and IT companies, now the effect of retrenchment is being seen in the telecom sector as well. Please tell that Vodafone has also made preparations to remove one thousand people from their jobs.
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Vodafone Layoff 2023: Ever since the beginning of 2023, one or the other big company is announcing mass layoffs. Let us tell you that now the telecom company Vodafone has also announced that the company is preparing to fire 1000 employees.
Showing the way out of the company to 1 thousand people means that the company is planning to reduce 5 percent people from its total workforce. Please tell that Vodafone has taken this decision to remove 1 thousand people from the job for the employees working in Italy.
Remind that the union had shared this information with Reuters some time ago. Two top officials associated with the union told Reuters that the British Telecom company wants to downsize its Italy unit and for this the company has decided to lay off on a large scale for cost saving.
According to media reports, Vodafone Italia issued a statement saying that Vodafone is facing competitive pressure in the telecom sector due to the company’s declining margins and decline in revenue.
Giving information about the layoffs during a meeting with the union, Vodafone said that the company will now work towards faster and easier completion of operational work.
Vodafone handed over pink slips to employees in January
The latest annual report of the company has revealed that till March, a total of 5 thousand 675 employees were working in Vodafone Italia. Remind that in the beginning of 2023, it was learned through several media reports that Vodafone had also issued pink slips to many employees in London.
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