BT is to chop as much as 40 per cent of its workforce by the tip of the last decade, because it seeks to slash prices and grow to be a “leaner enterprise”.

The group stated it will reduce between 40,000 and 55,000 jobs, together with staff and third-party contractors, by 2030. Together with third-party contractors, the group’s present workforce totals 130,000.

“By persevering with to construct and join like fury, digitise the best way we work and simplify our construction, by the tip of the 2020s BT Group will depend on a a lot smaller workforce and a considerably diminished price base,” stated chief govt Philip Jansen.

BT stated it had made £2.1bn in price financial savings since April 2020 in direction of its goal of £3bn. Earlier this week, Vodafone stated it deliberate to chop 11,000 jobs.