Telefonica evaluates cutting 4,000 to 5,000 job in Spain, El Confidencial says
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Spanish telecom company Telefonica is considering cutting 4,000 to 5,000 jobs to reduce structural costs and improve efficiency, according to El Confidencial. This follows a previous reduction of 3,400 jobs last year, aimed at saving 285 million euros annually from 2025. Since 2008, Telefonica has cut 20,000 jobs, leveraging automation and phasing out the old copper network to operate with fewer staff. The company has not yet commented on the report.
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