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  • Tech - News - Tech Companies
  • Updated: March 19, 2024

Vodacom reveals job cuts amid transition

Vodacom reveals job cuts amid transition

Vodacom Group Ltd, a Vodafone mobile communications company, has announced plans to reduce its workforce in South Africa as part of cost-cutting measures.

Responding to queries on Monday, March 18, 2024, the Johannesburg-based wireless firm, which currently has 5,400 employees, stated that the reduction will occur across all levels of the company.

A spokesperson for Vodacom Group explained that the move is part of their strategy to transition from a telecom firm to a leading technology company, ensuring business operations remain viable.

“Additionally, Vodacom South Africa is implementing various cost reduction measures to ensure sustainable operations,” they added.

Vodacom Group Limited provides voice, messaging, data, and converged services to customers across Africa, with operations in several countries.

The ongoing economic downturn in South Africa, with an official unemployment rate of 32.1%, has led to job cuts across various sectors, including platinum producers.

Speaking about Vodacom’s plan, a spokesperson for the Congress of South African Trade Unions stated that the union will explore alternatives to downsizing.

They noted concerns about job losses despite the company reporting significant profits.

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