BT Cuts 1,500 Jobs in 12 Weeks

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BT Group said today it cut a further 1,500 jobs during the past quarter, as it continues a “cost transformation” plan that looks set to save it £1.1 billion this year.

The announcement came as the telecommunications giant reported its first half earnings, saying revenues fell two percent in H1 with its enterprise division seeing revenues fall five percent on “continued declines in traditional fixed voice, lower
managed service revenue and a reduction in low margin equipment sales”.

Overall H1 revenues (the half year to 30 September 2019) were £11,413 million.

The company is moving towards six

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