Vodafone axes another 3,000 jobs in its first half and raises its annual earnings guidance

Summary

Vodafone axed another 3,000 jobs in its first half amid a cost-cutting overhaul, the Evening Standard and The Independent reported on Tuesday 10 November, the telecoms group raising its annual earnings guidance again to between 13.2 billion and 13.4 billion euros (£10.8 billion to £11 billion). The telecommunications giant said it had cut 3,000 roles across Europe between April and September 2026, helping drive savings of €200m (£167m), City A.M. reported, headlining that Vodafone raised its profit target. Vodafone also revealed plans for a further 2,300 job cuts in Germany to help revive performance in the country, according to The Independent, which headlined that Vodafone cuts 3,000 jobs in the UK and Europe. Vodafone's 3,000 job cuts are only the 'first leg' of a fresh restructuring drive, its chief executive has confirmed, although its UK workforce is expected to be largely spared further redundancies following the merger with Three, City A.M. reported.

Latest: Vodafone axed another 3,000 jobs in its first half and raised its annual earnings guidance again to between 13.2 billion and 13.4 billion euros (£10.8 billion to £11 billion), the Evening Standard and The Independent reported, City A.M. writing that the cuts helped drive savings of €200m (£167m) and are only the 'first leg' of a fresh restructuring drive, with the UK workforce expected to be largely spared further redundancies, and The Independent that Vodafone revealed plans for a further 2,300 job cuts in Germany.

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