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BT boss Kirkby expects AI to deepen job cuts, FT reports

In 2023, BT Group, under CEO Allison Kirkby's leadership, revealed intentions to reduce its workforce by up to 55,000 positions, including contractors, by the year 2030.
The cuts aim to reduce costs amid challenges such as declining revenue in business units and waning legacy voice and handset sales.
Allison Kirkby indicated that developments in artificial intelligence might lead to further significant reductions in BT's workforce, potentially resulting in a smaller company by the end of the decade.
BT indicated that robust customer uptake of fibre broadband, along with over £900 million saved in costs, contributed to stabilizing its earnings despite some reductions in profit.
Kirkby also noted that BT is not currently considering a sale of Openreach but left open the possibility of options if its share price undervalues the asset.

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Business Insider

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The CEO of British telecom giant BT warns AI could lead to further job cuts at the firm

Allison Kirkby, the CEO of BT Group.JANERIK HENRIKSSON/TT News Agency/AFP via Getty ImagesThe CEO of British telecom giant BT has warned that AI may lead to further cuts at the firm.BT announced plans in 2023 to cut up to 55,000 jobs by 2030.CEO Allison Kirkby told the FT that such proposals "did not reflect the full potential of AI."Executives warning of the potential impact of artificial intelligence on white-collar jobs is becoming an increas…

10 hours ago·United States

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Bloomberg

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BT CEO Says AI Advances Could Deepen Job Cuts: FT

BT Group Plc CEO Allison Kirkby says that advancements in artificial intelligence could deepen the job cuts that are already happening at the telecommunications firm in an interview with the Financial Times.

11 hours ago·United States

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Reuters

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BT boss Kirkby expects AI to deepen job cuts, FT reports

BT Group Chief Executive Allison Kirkby said advances in artificial intelligence could deepen significant job cuts under way at the British telecoms company, the Financial Times reported on Sunday.

11 hours ago·United Kingdom

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BT could make deeper job cuts amid AI revolution

BT Group PLC's boss said the emergence of artificial intelligence technology could lead to the telecommunications firm deepening job cuts, the Financial Times reported on Sunday. BT back in May 2023...

16 hours ago

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New Strait Times

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theedgemalaysia.com

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BT boss Kirkby expects AI to deepen job cuts

KUALA LUMPUR: BT Group Chief Executive Allison Kirkby said advances in artificial intelligence could deepen significant job cuts under way at the British telecoms company, the Financial Times reported on Sunday.

16 hours ago·Malaysia

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