BT cuts almost 8,000 jobs amid sweeping cost-saving programme

Summary

Telecoms group reports £1.1bn pre-tax profit in six months to end of September and share price touches five-year high Business live – latest updates BT has cut almost 8,000 jobs since the end of March as it pushes ahead with sweeping cost reductions across the business. The telecoms group said its workforce had fallen by 7,731 to 90,000, excluding staff in its international business, which is being spun out in a joint venture with the US telecoms company Verizon. It had a workforce of about 130,000 people, including contractors, two years ago.

Description from The Guardian.