This article has been reviewed according to Science X's editorial process and policies. Editors have highlighted the following attributes while ensuring the content's credibility:

fact-checked

reputable news agency

proofread

UK telecoms firm BT announces exit of chief executive

BT in May said it would axe up to 55,000 jobs, or 42 percent of its workforce, in response to rampant inflation
BT in May said it would axe up to 55,000 jobs, or 42 percent of its workforce, in response to rampant inflation.

British telecoms group BT on Monday announced the departure of chief executive Philip Jansen, two months after the group axed up to 55,000 jobs to slash costs.

"Philip Jansen has informed the board that at an appropriate moment over the next 12 months he intends to step down from his role," the group said in a statement.

Sky News said the British national was studying job opportunities in the United States.

Jansen has held the top job for more than four years, during which time he oversaw a big push into high-speed broadband internet services.

BT in May said it would axe up to 55,000 , or 42 percent of its workforce, in response to rampant inflation.

"Philip has done an excellent job in his time at BT and the board is fully supportive of our long-term strategy which he and his team are pursuing," BT chairman Adam Crozier said in the statement.

"While we are still in the early years of that transformation, we are on track to deliver."

© 2023 AFP

Citation: UK telecoms firm BT announces exit of chief executive (2023, July 10) retrieved 25 May 2024 from https://techxplore.com/news/2023-07-uk-telecoms-firm-bt-exit.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.

Explore further

UK telecom company BT plans to shed up to 55,000 jobs, replace some with AI

1 shares

Feedback to editors