BT plans 27,500 more layoffs by 2030
BT plans to cut at least 27,500 jobs, representing over a quarter of its current workforce, by 2030. This decision is part of a broader strategy to reduce costs due to a lack of sales growth. This follows cuts of 8,500 jobs by the company in the past year.
Key Takeaways
- BT plans to cut at least 27,500 jobs by 2030.
- The planned reduction would remove more than a quarter of BT's current workforce.
- BT already cut 8,500 jobs in the past year.
- The layoffs are part of a cost-slashing strategy tied to a lack of sales growth.
Why It Matters
BT's plan points to another large round of workforce reduction as it tries to lower costs without sales growth to offset the pressure. For the broader telecom and streaming-adjacent connectivity stack, the scale of the cuts shows how aggressively BT is managing operating expense after already removing 8,500 jobs in the past year. The clearest thing to watch next is whether BT gives a more precise 2030 headcount target, beyond the current floor of 27,500 cuts.
Read full article at lightreading.com
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