Vodafone plans to cut or relocate 2,300 jobs in Germany

Vodafone plans to cut or relocate around 2,300 jobs in Germany over the next two years. That represents just over 19% of its roughly 12,000 jobs.

The company cited tougher competition and years of substantial customer losses among the reasons for the restructuring. It also plans to use artificial intelligence more extensively to reduce costs. Vodafone says it will continue investing in fibre, cloud services, security and AI.