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BTGOF / Job cuts rocket as companies look to shave costs

Telecom giant BT Group PLC (LSE:BT.A) will be cutting 40% of its workforce by 2030 as 55,000 workers face losing their jobs. “BT is focusing on digitisation and integrating AI, a shift which is likely to require fewer workers,” Victoria Scholar at Interactive Investor said. Read More

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BTGOF

Posted: May 18 2023, 10:37

Author Name: Proactive Investors

BTGOF News

By Proactive Investors
October 27, 2023

BT Group interims set to be mixed bag

Half-year results from BT Group PLC (LSE:BT.A) on Thursday 2 November are not expected by City analysts to be anything to call home about, as indicate

By Seeking Alpha
September 23, 2023

BT Group: Shares Back In The Doldrums But Remain Cheap

BT shares have turned sharply lower since around April. No stranger to disappointment, in this case there is little to grumble about operationally. Co

By Invezz
July 31, 2023

BT Group says Allison Kirkby will replace Philip Jansen as the CEO

Shares of BT Group (LON: BT.A) are in the red today after the telecom giant named Allison Kirkby its next Chief Executive Officer. Kirkby will join BT

By CNBC
July 31, 2023

Telecoms giant BT Group appoints Allison Kirkby as CEO

By Proactive Investors
July 7, 2023

BT Group 'top pick' for one US investment bank ahead of results

BT Group PLC (LSE:BT.A) was selected as "top pick" by Citigroup's telecoms analysts ahead of first-quarter results later this month, helped by its re

By Proactive Investors
June 27, 2023

BT Group needs to slash dividend as debt mounts, cash flow shrinks

BT Group PLC (LSE:BT.A) is facing pressures on its free cash flow that are creating risks that it will have to cut its dividend in half, UBS has warne

By Proactive Investors
May 23, 2023

Patrick Drahi may be stake building at BT, but he's yet to exert his influence

Patrick Drahi hasn't requested a seat in the boardroom at BT just yet, and it may be a few years until he really starts to flex his muscles. A BT spok

By Proactive Investors
May 22, 2023

BT Group offers 'deep value', says leading US bank

BT Group PLC (LSE:BT.A) received some support for its strategy of rolling out fibre to the home as quickly as possible. Citi said the approach is the

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