Fresh wave of job cuts hits telecoms industry
Article excerpt
- Thousands of jobs have been cut across the telecoms industry in recent months, with operators and vendors looking to reduce costs and restructure their businesses. Companies including Telia, Nokia, Telefónica, Vodafone and T-Mobile US have all announced job cuts, with some planning further reductions as they look to improve efficiency and remain competitive. This week, Telia announced plans to cut around 900 jobs across its operations by 31 December, affecting approximately 6.4% of its workforce. As of 1 October, the company employed around 14,100 people, including 6,000 in Sweden, 2,450 in Finland, 2,350 in Lithuania, 1,800 in Norway, 1,400 in Estonia and 100 in other countries. The planned cuts will affect all five main markets, with Finland and Sweden seeing the largest reductions at 280 and 260 positions, respectively. Norway will lose around 150 positions, followed by Lithuania with 110 and Estonia with 100. Telia President and CEO, Patrik Hofbauer, said: “We’re building the future Telia. Our efforts so far have put us on the right track, and further localisation means doubling down on what we know gets results. “We must always become even simpler, faster and more efficient in everything we do. We want to empower our countries more, get the utmost from our common Technology unit and other Group Functions, and sharpen Telia’s edge in a very competitive market...
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The filing showed that T-Mobile US had reduced its workforce by 4,671 positions, which the company attributed to “the impact of the 2025-2026 workforce transformation.”
