Vodafone to cut 11,000 jobs following CEO's admission of underperformance

Vodafone to cut 11,000 jobs following CEO’s admission of underperformance

Della Valle, who previously served as Vodafone’s chief financial officer, took up her current role in January 2023 after former CEO Nick Read left abruptly. The CEO stated that her priorities were “customers, simplicity, and growth” and that the company must change to regain competitiveness. However, her appointment was seen as a deviation from the company’s strategy, with analysts expecting an external candidate to “shake things up” following Read’s unsuccessful attempt to revitalize the firm.