One More Layoff!!! A Famous Telecom Company To Fire Its Employees!!! Many companies all over the world have been cutting off some amount of their employees. The layoffs mostly seem to be for financial reasons. As the world faces inflation due to several reasons many companies are facing a financial crisis and eliminating staff from their companies.
It is now not a new thing for a company to layoffs its employees. For the past years, many tech giants have been doing it. Now a well-known telecom company Vodafone has announced a round of layoffs. On Monday the company informed that it will be going to eliminate 1000 of its workforce in the city of Italy.
The company said that it is because it cannot face the heavy competition in the telecom field. And it has been earning a lesser amount of revenue. So as a means of a cost-cutting measure, the company has taken this plan. The company is going to lose 5 percent of its total workers because of its layoff.