Home World BT announces plans to cut up to 42% of jobs by 2030 Chief executive officer Philip Jansen has been quietly shrinking the workforce over the last five years as he works to grow profit by Bloomberg May 19, 2023 BT Group said it plans to cut its labour force, including employees and contractors, by as much as 42 per cent over the next seven years as it works to reduce costs. Total workers, including those employed by third parties on BT’s behalf, will drop to 75,000 to 90,000 by the fiscal year ending in March 2030 from about 130,000 currently, the company said in a statement on Thursday. Chief executive officer Philip Jansen has been quietly shrinking the workforce over the last five years as he works to grow profit, targeting savings of GBP3bn a year by the end of 2025. The company’s been weighing more dramatic cuts since at least 2019. Shares fell 1.5 per cent to 148.10 pence in London trading on Wednesday. The stock is up 32 per cent so far this year. Also read: ChatGPT will replace some jobs, but traders say not theirs Tags BT job cuts 0 Comments You might also like Salesforce cuts more jobs after 10% reduction earlier this year Vodafone to slash 11,000 jobs in new CEO’s turnaround plan Amazon starts round of layoffs in AWS cloud services division Disney begins second round of job cuts, affecting thousands