Vodafone Plans 11,000 Job Cuts

Vodafone said Tuesday it would cut 11,000 jobs over three years, as the telecom company unveiled a turnaround plan to revive its fortunes following years of poor performance. From a report: The job cuts would affect the firm's UK headquarters and operations in other countries, Vodafone added in a statement. "Our performance has not been good enough," CEO Margherita Della Valle said.
"We will simplify our organization, cutting out complexity to regain our competitiveness." Two decades ago, Vodafo