BT to cut 10% of workforce as it announces £1.28bn loss

BT is axing 15,000 jobs over the coming year, roughly 10% of its workforce, as it tries to save costs after announcing a dramatic plunge into the red and warning that revenues will drop this year.

The company said it wants to cut operating costs and capital expenditure by more than £1bn this year. As it looks to cut costs, BT has already axed 15,000 jobs over the past year - a third more than had originally been expected - and the company said today that it expects to lose a similar number this year.

More a triumph of the recession?

(and isnt this news??)

helpdesks incapable of coping.