Vodafone to slash 11,000 jobs over three years, CEO Margherita Della says 'Performance hasn't been good enough'
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British mobile phone giant Vodafone on Tuesday said that it plans to layoff 11,000 employees over the next three years after chief executive Margherita Della Valle said she seeks a "simpler" organisation. While announcing the layoffs, Margherita Della Valle said in a statement, “to consistently deliver, Vodafone must change.” Vodafone forecasts little or no growth in earnings for the new financial year.