BT will lay off up to 55,000 workers, 42% of its workforce

British telecommunications operator BT expects to reduce its workforce by between 40,000 and 55,000 workers in the next seven years, which will mean a reduction of between 31% and 42% of the current workforce of around 130,000 people, as reported by the multinational company in the presentation of its annual accounts.

As explained by the British operator, His goal is to reduce the company’s workforce from an effective 130,000 from today to between 90,000 and 75,000 for the period from 2028 to 2030.

“By the end of the 2020s, BT Group will have a much smaller workforce and a significantly reduced cost base,” he said. Filip JansenCEO.

This week, the British operator Vodafone announced its intention to cut 11,000 jobs over three years to simplify its organization, while undertaking a restructuring plan in Germany and a strategic review in Spain.

On the other hand, BT reported this Thursday that at the end of its fiscal year, which ended last March, it received net profit of £1.905 million (2,191 million euros), 49.5% more than the previous year, despite the fact that the company’s revenues fell by 0.8%, to 20,681 million pounds (23,7897 million euros).