May 18, 2023
BT to cut up to 55,000 jobs by end of decade
Telecoms giant BT is to cut up to 55,000 jobs by the end of the decade as it seeks to cut costs. The up to 40% headcount reduction is out of a current workforce of 130,000. Chief executive Philip Jansen said that by the end of the 2020s BT will have a "Much smaller workforce". The announcement was made as BT reported a 12% drop in profits of £1.7bn for the year to April.
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