Telefónica proposes cutting 5,000 jobs in Spain
Plan presented to unions following stock slide sparked by failure to unveil broader changes at capital markets day
Related reading
Ocado plans to cut 1,000 jobs and restructure technology unit
Company warns earnings from licensing business will be below expectations after clients scale back online grocery plans
Ryanair prepared to cut 1mn more seats from Spain flights next summer
Carrier has already cancelled 2mn in row over higher charges by Spanish airport operator
Orange agrees €4.25bn deal to take full control of Spanish joint venture
Final agreement would mark end of French telecoms company’s joint venture with private equity group Lorca
The AI job cuts are accelerating
Companies are preparing for a time where there might be less work for their employees
Sky to cut hundreds of jobs in UK as broadcaster shifts to streaming era
Comcast-owned media group to cull 600 jobs in latest reorganisation
EU fires warning shot at Spain over Huawei reliance
Move comes days after details emerge of Madrid’s €12mn wiretap contract with Chinese tech company