New Delhi: At present, due to the economic recession, many big tech companies around the world are laying off their employees (Job Layoff). These include Twitter, Meta, and companies such as Apple, Amazon, Microsoft, and Google parent Alphabet as well as Meta. Meta Company is going to cut staff for the second time. In this second round, 11,000 employees will be retrenched.
5% reduction in workforce
Now apart from tech companies, telecom companies have also joined it. Telecom company Vodafone is also going to lay off. Popular company Vodafone is going to lay off 1000 employees. The exit of 1,000 people means that the company is looking to cut 5% of its total workforce. Vodafone Company has shared this information. The British telecom company is looking to reduce the number of units in Italy, two of the company’s top executives said. For this, the company has decided to save a lot of costs.
Pink slips were also issued to many employees in London
Vodafone company will lay off 1000 employees in Italy. According to media reports, Vodafone Italia has issued a statement. The company said that due to the decline in revenue, Vodafone is facing pressure from competitors in the telecom sector. As of March, Vodafone Italia had a total of 5,675 employees, according to the company’s annual report. Several media reports in early 2023 revealed that Vodafone had also issued pink slips to several employees in London.
