BT Group has become the latest big company to announce significant layoffs after the firm revealed its plans to cut between 40,000 and 55,000 jobs - including contractors - by the end of the decade.
The telecoms giant currently has around 130,000 employees worldwide, with about 80,000 staff in the UK. Approximately 30,000 of those employees are contractors employed through third parties.
Going forward, BT's chief executive Philip Jansen said the company plans to rely on a "much smaller workforce" and digitalise its processes, without around 10,000 jobs in customer services being replaced by technologies including AI tools.
By the end of the 2020s, the company could have a workforce as small as 75,000 to 90,000 people.
“New BT Group will be a leaner business with a brighter future,” said Jansen. “By continuing to build and connect like fury, digitise the way we work and simplify our structure, by the end of the 2020s BT Group will rely...