Vodafone, one of the world’s largest telecommunications services, has become the latest tech company to announce mass layoffs as part of a “turnaround” plan to help the carrier regain its competitive edge following periods of underperformance.
In a statement on Tuesday, newly appointed CEO Margherita Della Valle said the layoffs will include 11,000 employees over a three-year period—the biggest job cuts in the history of the company, which employs around 100,000 people in Europe and Africa.
