BT wields the axe to 4,000 posts in major restructuring

BT is downsizing in a big way with the loss of 4,000 posts globally over the next two years, as it seeks to rationalise its administrative and management teams to put it on a more nimble footing.
The clear out follows the departure of its head of television and sport and comes at a troubled time for the business still reeling from the impact of an accounting scandal at the Italian division of its Global Services operation, which left it out of pocket to the tune of £500m.
That debacle has