Vodafone’s New CEO Plans To Cut 11,000 Jobs

Mobile phone giant Vodafone has announced plans to cut 11,000 jobs over the next three years. The announcement was made by new CEO Margherita Della Valle, who said that the cuts were necessary in order for the company to “simplify” its operations and remain competitive in a rapidly changing market.

The job cuts will affect all sectors of Vodafone’s business, including customer service, sales and marketing, and back-office functions. The company has not yet specified which countries or regions will be affected by the job losses. However, it is expected that most of the cuts will take place in Europe and Asia Pacific.

Vodafone's New CEO Plans To Cut 11,000 Jobs
Vodafone’s New CEO Plans To Cut 11,000 Jobs

In a statement released on May 16th 2023, Della Valle said: “We are making these changes to simplify our organisation and ensure we remain competitive in an increasingly dynamic market.” She added that the company would be investing heavily in digital transformation initiatives such as artificial intelligence and 5G technology in order to remain competitive.

Improved Customer Service

Vodafone also announced plans to improve customer service as part of their cost-cutting measures. This includes hiring more customer service representatives and investing in new technologies such as chatbots and automated voice recognition systems. The company hopes that these initiatives will help them better serve their customers and reduce costs associated with customer support.

Impact on Employees

The news of job cuts has been met with criticism from unions representing Vodafone employees. They argue that the job losses could have a devastating effect on workers’ livelihoods and could lead to increased unemployment across Europe and Asia Pacific. They have called on Vodafone to reconsider its decision or provide additional support for those affected by the job losses.

Vodafone is one of the world’s largest mobile phone companies with over 400 million customers worldwide. It remains to be seen how this latest move will affect both its employees and customers going forward.

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