Saudi Press

Saudi Arabia and the world
Saturday, Jul 27, 2024

0:00
0:00

Mobile phone giant Vodafone to cut 11,000 jobs globally over three years as new boss says its performance not good enough

Vodafone, the world's second-largest mobile phone company, has announced plans to cut 11,000 jobs globally over the next three years.
The job cuts are part of a restructuring plan by new CEO Margherita Della Valle, who took over the company in December. Della Valle said that the job cuts are necessary to make Vodafone more efficient and competitive.

"Our performance has not been good enough," Della Valle said in a statement. "We need to make some tough decisions to improve our profitability and return to growth."

The job cuts will affect all parts of Vodafone's business, including its headquarters in London and its operations in Europe, Africa, and Asia. The company said that it will offer severance packages to affected employees and will help them find new jobs.

The job cuts are a sign of the tough times facing the mobile phone industry. The industry is facing increasing competition from new entrants, such as Google and Amazon, and from rivals that are merging, such as AT&T and Time Warner.

Vodafone is not the only mobile phone company that is cutting jobs. In recent months, other major mobile phone companies, such as T-Mobile and Sprint, have also announced plans to cut jobs.

The job cuts in the mobile phone industry are a sign of the changing landscape of the industry. The industry is becoming more competitive and more consolidated, and this is leading to job losses.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Heatwave in Morocco Claims 21 Lives in Beni Mellal
Israel Warns France of Iranian Threats at Paris Olympics
Hamas and Fatah Sign Unity Pact Amid Gaza Conflict
Miracle Baby Born After Gaza Airstrike
Netanyahu Urges Unity Between US and Israel in Congress Speech
Netanyahu Criticizes Anti-Israel Protesters in US
World's Hottest Day Recorded on July 21
Sri Lanka Apologizes for Forced Cremation of Muslim Covid Victims
President Biden Returns to White House After Testing COVID Negative
Trump Says Kamala Harris Would Be Easier Election Opponent Than Biden
4.7 Magnitude Earthquake Strikes Northwestern Turkey
Hacking Vulnerabilities: Androids vs. iPhones
Israel Conducts First Direct Air Raid on Yemen's Hodeidah Port
Joe Biden Withdraws from 2024 US Presidential Race
A Week of Turmoil: Key Moments in US Politics
Elon Musk's Companies Drop CrowdStrike After Global Windows 10 Outage
US Criticizes International Court's Opinion on Israeli Occupation
Netanyahu Denounces World Court Ruling on Israeli Occupation
Adidas Drops Bella Hadid Over Controversy
Massive Flight Cancellations Across the U.S. Due to Microsoft Outage
Russia Accuses Ukraine of Using Chemical Weapons
Ursula von der Leyen Wins Second Term as European Commission President
Japan to Allocate $3.3 Billion to Ukraine Using Frozen Russian Assets
Google and Microsoft Now Consume More Power Than Several Large Countries
Increased Security for Trump After Assassination Threat
New AI Chipset Set to Revolutionize ChatGPT
Thai-Saudi Investment Roadshow Yields 100 Partnerships
Trump Media Shares Surge Following Re-Election Bid Boost
Russia's Electronic Warfare Neutralizes Western Weapons in Ukraine
Trump Challenges Biden to Debate and Golf Match
Macron Accuses Israeli Minister of Election Interference
US Senator Highlights Weaknesses in Western Military Industry During Ukraine Conflict
George Clooney Urges Biden to Withdraw from Presidential Race
Political Shift in the UK: A Detailed Analysis of Labour's Victory and Future Prospects
Viktor Orbán's Peace Mission: A Diplomatic Controversy in the EU
UAE Court Sentences 43 to Life Imprisonment Over Terrorist Links
Spain PM Pedro Sanchez Denounces Double Standards on Gaza at NATO Summit
Biden Affirms Commitment To Presidential Race
Putin Hosts PM Modi for a Private Meeting
2024 Predicted to Be World's Hottest Year
Iran's President-Elect Masoud Pezeshkian Reiterates Support for Hezbollah
Biden Insists on Continuing Presidential Race Amid Criticism
Macron Faces New Political Challenges Despite Election Relief
US Officials Resign Over Biden's Gaza Policy
Campaigners Push for Emergency Uplift Visa for Palestinians Escaping Gaza Conflict
Netanyahu Criticizes Release of Gaza Hospital Head
UK Government and British Airways Sued Over 1990 Kuwait Hostage Incident
Afghan Women's Rights Declared Internal Issue by Taliban
UK Appeals to ICC May Delay Arrest Warrants for Israeli Leaders
ZATCA Allows Non-citizens to Participate in Auctions
×