UK telecoms firm BT to axe up to 55,000 jobs by 2030

LONDON: British telecoms group BT said Thursday it will axe up to 55,000 jobs by the end of the decade in the latest tech jobs cull in response to rampant inflation.

The layoffs, comprising 42 percent of BT’s workforce, come two days after UK mobile phone giant Vodafone unveiled plans to cut 11,000 jobs or one tenth of staff over three years.

“Both have been struggling with the pressures of inflation, most notably from energy,” said Victoria Scholar, an analyst at Interactive Investor.