BT Group cuts 10,000 jobs

UK telecom company BT plans to shed up to 55,000 jobs, replace some with AI

U.K. telecom company BT Group plans to shed up to 55,000 jobs by the end of the decade and replace some of them with artificial intelligence.

Results for the full year to 31 March 2023

Philip Jansen, Chief Executive, commenting on the results, said “We have delivered our outlook for FY23: this year we’ve grown both pro forma revenue and EBITDA for the first time in six years while navigating an extraordinary macro-economic backdrop. Over the last four years we have stuck firmly to our strategy and it’s working.“Op...