Vodafone to slash 11,000 jobs in cost-cutting move.
Vodafone will cut 11,000 jobs over the next three years, which is around a tenth of its global workforce, as the new CEO, Margherita Della Valle, sets out her plans to "simplify" the telecoms giant. The cuts will affect its UK headquarters and other countries. Vodafone has struggled with higher energy bills, weaker sales in Germany, Italy and Spain, and falling customer satisfaction levels. The company has already outlined plans to cut jobs in some areas.