Vodafone's new CEO axes 11,000 jobs in fresh tech cull
1 year, 7 months ago

Vodafone's new CEO axes 11,000 jobs in fresh tech cull

The Hindu  

May 16, 2023 02:27 pm | Updated 02:27 pm IST - London British mobile phone giant Vodafone on May 16 said it planned to axe 11,000 jobs over the next three years as new chief executive Margherita Della Valle seeks a "simpler" organisation. "Our performance has not been good enough," Ms. Della Valle said alongside news of flat annual revenue at the group. "To consistently deliver, Vodafone must change," Ms. Della Valle added in a statement. "We will simplify our organisation, cutting out complexity to regain our competitiveness," added Ms. Della Valle, appointed CEO on a permanent basis at the start of May after five months as interim boss.

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History of this topic

Ousted Vodafone boss picks up more than £4m in pay and bonuses in 2022-23
1 year, 6 months ago

Ousted Vodafone boss picks up more than £4m in pay and bonuses in 2022-23

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Vodafone’s former boss Nick Read …

Vodafone to cut 11,000 jobs in 3 years as new CEO seeks simpler organisation
1 year, 7 months ago

Vodafone to cut 11,000 jobs in 3 years as new CEO seeks simpler organisation

Hindustan Times  

British mobile giant Vodafone is to axe 11,000 jobs over three years in the latest cull to hit the tech sector, as new boss Margherita Della Valle slammed recent performance. Read here: Amazon lays off 500 employees in India: Reports Our performance has not been good enough, Vodafone chief executive Della Valle said alongside news of flat annual revenue at …

Vodafone announces massive layoffs, plans to cut 11000 jobs and reallocate resources
1 year, 7 months ago

Vodafone announces massive layoffs, plans to cut 11000 jobs and reallocate resources

India Today  

Vodafone, the British telecom giant, has announced that it will be reducing its global workforce by 11,000 employees over the next three years. We will reallocate resources to deliver the quality service our customers expect, and drive further growth from the unique position of Vodafone Business," Valle further said in her statement. The CEO stresses that the company is now …

The decline of Vodafone – and what’s really gone wrong
1 year, 7 months ago

The decline of Vodafone – and what’s really gone wrong

The Telegraph  

Once one of the world’s largest telecoms companies, Vodafone has struggled to halt a precipitous decline that has seen its share price slump by almost 60pc over the last five years. Della Valle, who has been at the company for almost three decades and most recently served as chief financial officer, was named interim chief executive and ultimately appointed to …

Vodafone boss Nick Read to step down at end of year
2 years, 1 month ago

Vodafone boss Nick Read to step down at end of year

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Mr Read will leave on December 31 after four …

Vodafone Group CEO Nick Read to step down
2 years, 1 month ago

Vodafone Group CEO Nick Read to step down

Live Mint  

Britain's Vodafone Group said on Monday that Chief Executive Nick Read would step down at the end of this year and be replaced on an interim basis by finance chief Margherita Della Valle. Margherita Della Valle, who has been appointed interim Group Chief Executive, will accelerate the execution of the company's strategy to improve operational performance and deliver shareholder value, …

French billionaire demands more change at Vodafone after boss is ousted
2 years, 1 month ago

French billionaire demands more change at Vodafone after boss is ousted

The Telegraph  

Vodafone is under pressure from a billionaire French shareholder to accelerate cost-cutting and asset sales after the ousting of its chief executive. The FTSE 100 telecoms giant announced Nick Read’s exit following a nearly 50pc slump in its share price since he took charge four years ago. Mr Niel, who is also co-owner of newspaper Le Monde, said: “A change …

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