British mobile phone giant Vodafone on Tuesday said it planned to axe 11,000 jobs over the next three years as new chief executive Margherita Della Valle seeks a “simpler” organisation.
“Our performance has not been good enough,” Della Valle said alongside news of flat annual revenue at the group.
At 11,000 positions, Vodafone is seen axing more than 10 percent of its global workforce, which stood at 104,000 staff last year.
“To consistently…