> Vodafone will axe 11,000 jobs over the next three years as the new chief executive set out her plans to “simplify” the telecoms giant.
> The cuts equal more than a tenth of its workforce and will affect its Berkshire headquarters and other countries.
> Margherita Della Valle, who is also Vodafone’s finance director, said its “performance has not been good enough”.
> It also reported full-year sales rose only marginally and pre-tax profits dipped.
Ah no profits are less than expected? Got to ruin 11,000 people’s lives to make sure the shareholders are happy even though they’re still making a profit.
Keep going then and wonder why you can’t cope when you try to knee-jerk re-hire and the talent is less in numbers and skill to what you had
Meanwhile, in January:
>In its 2021/22 financial year, Vodafone’s operating profit was over 5.6 billion euros. This figure was a half billion euro increase compared to the previous year when it amounted to 5.1 billion euros, continuing on an upward trend since 2019.18 Jan 2023
Jobs will be cut until morale improves! What do you mean we could just take a slight hit on profits and not put 11000 people on the street?
Jesus and from the article:
>It also forecast earnings would be “broadly flat” for the current financial year.
So they estimate they’ll make the same profit as they did last year. 5.6 billion euros. And are using this to justify job cuts?
Absolute cretins.
I wonder if they’ve considered trying not being shit.
I think they’re going to be merging with three. They need 11,000 people to get fired to get replaced by three employees that makes sense or I’m just talking shir 🤔
The only reason why they’re struggling is because have you seen their iPhone contract prices online? I haven’t bought through them directly in years. It’s better to get a cheap sim only from them on offer and then buy the phone outright from Apple. Android phones are a similar situation. They screwed phones 4u as well so they deserve to get screwed
He’s right; they’re a god awful company with a consistently terrible attitude.
But will keep outsourcing to places like India , as cheap serf labour is what everyone in the west wants .
Aye I cant get 4G in Edinburgh, the fucking capital
None of the higher ups will be sacked. It will be the bottom line, all the call centre staff will be first on the chopping block, increasing pressure to get sales so making the work insufferable. More people will be sacked because they can’t meet the target and then people will leave because they’re burnt out. Lines will be busy all the time, so you will give up trying to call and again you’ll be waiting like an hour to get through so the last thing you want to hear is a sales pitch. Forcing you to go online that will increase online traffic and they can use that to justify more layoffs
Shit, better switch suppliers before I lose all connection.
Wacky idea but maybe shove a few quid into customer services if you’re having trouble retaining customers.
It turns out the restructuring that took place a few years ago just…..lost you loads of good people?
What a surprise. I hope forcing TES back into Newbury was worth it. Fucking idiots.
Hopefully the guy who made this change is going to be joining the rest of them in the job hunt
Ahhh who am I kidding, that out-of-touch corporate fat-cat probably has a nine figure golden parachute and can fail upwards into another role if this backfires…
Here’s hoping she doesn’t sack the 2 customer service call centre staff employed there.
On a more serious note, when a company like this alienates itself like this then when exactly do they admit that the only way is down for profits this extreme during a recession and a cost of living crisis?
Her stance and strategy sound awful short sighted.
The network is good… But yh this puts me in a dilemma
Leaving them in 5 months , worst signal I have ever had its like no one at Voda could read a map and didn’t put Lichfield on the signal area
“Performance not good enough”
And cutting a huge amount of staff is going to improve performance how? Stop lying and just say you want the money for yourselves and the precious ~~gentry~~ shareholders.
With their lousy customer service record I’d be happy if Vodafone didn’t exist at all.
Bollocks.
I’ve just had a job interview with them only a couple of hours ago. I think I know what the answer might be now.
Thats a lot of shop jobs assuming the average store hires 5-20
Vodafone group profits last year: €5.6 billion, an increase of €600 million. Vodafone UK saw a growth of 7.1% last year. This is a really stupid decision. Companies cutting staff while profitable rarely saves money, iirc Radioshack (the butt of many jokes in America) did the same stuff and just lost all their knowledgeable staff, which tanked customer satisfaction and caused them to haemorrhage market share.
One of the scummiest companies, anyone who’s had a contract with them and is in any way money-conscious can attest to it. Disgraceful tactics like standardised price contract increases part-way through, customer service people lying through their teeth and manipulating to squeeze every last dime from customers. Proper late stage capitalism
Tech companies need to be agile and lean to adapt to change, most of the 11k will be natural attrition. Tis the way of the world
They’re still making a profit, they’re just not as good as they want them to be.
Maybe they should use those profits to sort out their terrible customer service and poor products, before sacking people who are forced to push their shitty products for a living.
Yeah, cutting 11k jobs always makes a firm less shit….
27 comments
> Vodafone will axe 11,000 jobs over the next three years as the new chief executive set out her plans to “simplify” the telecoms giant.
> The cuts equal more than a tenth of its workforce and will affect its Berkshire headquarters and other countries.
> Margherita Della Valle, who is also Vodafone’s finance director, said its “performance has not been good enough”.
> It also reported full-year sales rose only marginally and pre-tax profits dipped.
Ah no profits are less than expected? Got to ruin 11,000 people’s lives to make sure the shareholders are happy even though they’re still making a profit.
Keep going then and wonder why you can’t cope when you try to knee-jerk re-hire and the talent is less in numbers and skill to what you had
Meanwhile, in January:
>In its 2021/22 financial year, Vodafone’s operating profit was over 5.6 billion euros. This figure was a half billion euro increase compared to the previous year when it amounted to 5.1 billion euros, continuing on an upward trend since 2019.18 Jan 2023
Jobs will be cut until morale improves! What do you mean we could just take a slight hit on profits and not put 11000 people on the street?
Jesus and from the article:
>It also forecast earnings would be “broadly flat” for the current financial year.
So they estimate they’ll make the same profit as they did last year. 5.6 billion euros. And are using this to justify job cuts?
Absolute cretins.
I wonder if they’ve considered trying not being shit.
I think they’re going to be merging with three. They need 11,000 people to get fired to get replaced by three employees that makes sense or I’m just talking shir 🤔
The only reason why they’re struggling is because have you seen their iPhone contract prices online? I haven’t bought through them directly in years. It’s better to get a cheap sim only from them on offer and then buy the phone outright from Apple. Android phones are a similar situation. They screwed phones 4u as well so they deserve to get screwed
He’s right; they’re a god awful company with a consistently terrible attitude.
But will keep outsourcing to places like India , as cheap serf labour is what everyone in the west wants .
Aye I cant get 4G in Edinburgh, the fucking capital
None of the higher ups will be sacked. It will be the bottom line, all the call centre staff will be first on the chopping block, increasing pressure to get sales so making the work insufferable. More people will be sacked because they can’t meet the target and then people will leave because they’re burnt out. Lines will be busy all the time, so you will give up trying to call and again you’ll be waiting like an hour to get through so the last thing you want to hear is a sales pitch. Forcing you to go online that will increase online traffic and they can use that to justify more layoffs
Shit, better switch suppliers before I lose all connection.
Wacky idea but maybe shove a few quid into customer services if you’re having trouble retaining customers.
It turns out the restructuring that took place a few years ago just…..lost you loads of good people?
What a surprise. I hope forcing TES back into Newbury was worth it. Fucking idiots.
Hopefully the guy who made this change is going to be joining the rest of them in the job hunt
Ahhh who am I kidding, that out-of-touch corporate fat-cat probably has a nine figure golden parachute and can fail upwards into another role if this backfires…
Here’s hoping she doesn’t sack the 2 customer service call centre staff employed there.
On a more serious note, when a company like this alienates itself like this then when exactly do they admit that the only way is down for profits this extreme during a recession and a cost of living crisis?
Her stance and strategy sound awful short sighted.
The network is good… But yh this puts me in a dilemma
Leaving them in 5 months , worst signal I have ever had its like no one at Voda could read a map and didn’t put Lichfield on the signal area
“Performance not good enough”
And cutting a huge amount of staff is going to improve performance how? Stop lying and just say you want the money for yourselves and the precious ~~gentry~~ shareholders.
With their lousy customer service record I’d be happy if Vodafone didn’t exist at all.
Bollocks.
I’ve just had a job interview with them only a couple of hours ago. I think I know what the answer might be now.
Thats a lot of shop jobs assuming the average store hires 5-20
Vodafone group profits last year: €5.6 billion, an increase of €600 million. Vodafone UK saw a growth of 7.1% last year. This is a really stupid decision. Companies cutting staff while profitable rarely saves money, iirc Radioshack (the butt of many jokes in America) did the same stuff and just lost all their knowledgeable staff, which tanked customer satisfaction and caused them to haemorrhage market share.
[Here’s an interesting article from Harvard Business Review about why this idea suck](https://hbr.org/2022/12/what-companies-still-get-wrong-about-layoffs)
One of the scummiest companies, anyone who’s had a contract with them and is in any way money-conscious can attest to it. Disgraceful tactics like standardised price contract increases part-way through, customer service people lying through their teeth and manipulating to squeeze every last dime from customers. Proper late stage capitalism
Tech companies need to be agile and lean to adapt to change, most of the 11k will be natural attrition. Tis the way of the world
They’re still making a profit, they’re just not as good as they want them to be.
Maybe they should use those profits to sort out their terrible customer service and poor products, before sacking people who are forced to push their shitty products for a living.
Yeah, cutting 11k jobs always makes a firm less shit….