Vodafone To Lay Off 11,000 Employees In 3 Years As New CEO Seeks 'Simpler' Organisation

In her statement, Della Valle said, "Our performance has not been good enough. To consistently deliver, Vodafone must change"

Margherita Della Valle, appointed CEO of Vodafone on a permanent basis at the start of May after five months as interim boss.

Source : Getty

Vodafone Plc, the British mobile phone giant, on Tuesday said it planned to cut 11,000 jobs over the next three years, reported by news agency AFP reported. Margherita Della Valle, the news chief executive officer (CEO) of Vodafone said that she is seeking a ‘simpler’ organisation.

In her statement, Della Valle said, "Our performance has not been good enough. To consistently deliver, Vodafone must change.”

According to AFP, Della Valle, appointed CEO of Vodafone on a permanent basis at the start of May after five months as interim boss, said, "We will simplify our organisation, cutting out complexity to regain our competitiveness.”

Her predecessor Nick Read stepped down in early December after a four-year tenure marked by a steep fall in the company's share price. He left with Vodafone in talks over merging its UK operations with rival Three UK, owned by Hong Kong-based CK Hutchison.

According to media reports say a deal worth £15 billion ($18.7 billion) is close to completion.

Recently, LinkedIn, a Microsoft-owned company, has laid off 716 employees, as the company makes changes to its Global Business Organisation (GBO), along with shutting down its InCareer app in China, reported by IANS. The company's CEO Ryan Roslansky said in an email to employees that the move was aimed at streamlining the company's operations.

It major Cognizant said it it is planning to lay off 3,500 employees as the company will see a decline in revenue this year. In a bid to cut costs, Cognizant is also planning to give up millions of square feet in office space. 

Meanwhile, telecom gear maker Ericsson on Monday announced the completion of charging consolidation programme for telco Vodafone Idea Ltd, replacing three existing Online Charging Solutions (OCS) with Ericsson Charging as the single solution across India.

VIL now has a simplified prepaid charging stack, which means uniformity of architecture in charging and data policy and Charging Rules Function (PCRF), customer experience, life cycle management, product modelling and configuration, features and functions. "VIL and Ericsson complete one of the world’s largest charging consolidation programmes in India," a statement said informing that Vodafone Idea(Vi) has become "one of the largest customers for Ericsson Charging integrated with Ericsson Policy".