Vodafone has confirmed around 1,200 job cuts across Europe as part of a major cost-cutting plan designed to save the telecoms giant millions.
The telecoms giant revealed the reduction in employees came as it worked to make the business more efficient, with cuts affecting teams across Europe and shared operations during the three months ended June 2026.
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Some of the cuts is understood to have come through natural attrition, with jobs left vacant when employees moved on and were not replaced.
As a result, the company is aiming to cut its overall costs and capital spending by around £700 million a year by the 2030 financial year.
The cost-cutting drive follows Vodafone’s merger with Three UK, which was completed last year and created the UK’s largest mobile operator. The company has since been working to combine the two businesses, including sharing their 5G networks.
This comes as in its latest update to investors, Vodafone reported a rise in revenues reaching €8.6billion (£7.4billion) in the first quarter, up by 10% compared with the same period last year.
On an underlying basis, service revenues increased by 5.2%, while adjusted earnings rose by 6.7% year-on-year.
The company now expects adjusted earnings for the year to be between €13billion (£11.1billion) and €13.3billion (£11.4billion), following its increased control of Kenya-based Safaricom.
However, Vodafone’s UK mobile service revenues fell by 0.7% in the three months to the end of June compared with the previous year.
