A bleak year for jobs in the telecom sector in Europe and the US

The axe fell three days before Christmas. On Monday, December 22, Telefonica approved a sweeping redundancy plan affecting 5,500 jobs. For employees, these cuts – which represent one fifth of the historic Spanish operator’s workforce – were a further blow, as the group had already eliminated 3,400 positions in 2024. Its goal is to save nearly €600 million per year starting in 2028.

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