Vodafone to Cut 11,000 Jobs in Next 3 Years as Part of New CEO's Restructuring Plan

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.

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