BT sheds another 18,000 jobs as cost-cutting helps boost earnings

BT has reduced its total workforce from 108,000 to 90,000 over the half-year period ending in March. This reduction of 18,000 jobs is part of a broader cost-cutting initiative designed to boost the telecoms giant's earnings. The company has implemented these significant staff cuts to streamline operations and improve financial performance, reflecting a strategic shift towards efficiency. These measures have directly contributed to the company's recent financial gains as reported in its half-year results.