BT Group Mulls Further Job Cuts, Potential Spinoff of Openreach, CEO Tells FT

Dow Jones

Jun 16, 2025

--BT Group is considering further job cuts supported by advances in artificial intelligence while mulling a potential spinoff of Openreach, Chief Executive Allison Kirkby tells the Financial Times.

-- Kirkby said that the group's plan to cut more than 40,000 jobs and strip out 3 billion pounds ($4.07 billion) of costs by the end of the decade doesn't reflect the full potential of AI.

--Kirkby is also considering a potential spinoff of its U.K. telecom company Openreach, as its value isn't fully priced in the company's share price, she said in the interview.

Full story: https://tinyurl.com/mr44ykx7

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

June 16, 2025 02:04 ET (06:04 GMT)

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