---
title: "Vodafone cuts 3,000 jobs across Europe"
publisher: "Share Talk"
author: "sharetalk"
published: "2026-11-10T10:53:06+00:00"
modified: "2026-11-10T10:53:06+00:00"
date: 2026-11-10
canonical: "https://www.share-talk.com/vodafone-cuts-3000-jobs-across-europe/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["EU", "GERMANY", "Margherita Della Valle", "UK", "Vodafone", "VodafoneThree"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/4f96f32b-06f5-44d6-8cac-5483b8f8b2eb.png?fit=1727%2C911&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# Vodafone cuts 3,000 jobs across Europe

**Published:** November 10, 2026
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** EU, GERMANY, Margherita Della Valle, UK, Vodafone, VodafoneThree
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/11/4f96f32b-06f5-44d6-8cac-5483b8f8b2eb.png?fit=1727%2C911&quality=80&ssl=1)

---

**Vodafone Group has cut 3,000 jobs across its European operations as part of a wider cost-reduction programme targeting €2 billion in savings by the end of the decade, while raising its full-year earnings and cash flow guidance following stronger first-half trading.**

The UK-headquartered telecommunications group confirmed it eliminated 3,000 positions between April and September 2026, contributing about **€200 million in cost savings** during the period.

Of those savings, **€50 million came from Vodafone’s UK operations**, where the company continues to integrate its mobile business following the acquisition of the remaining 49% interest in VodafoneThree.

**Vodafone is targeting £1 billion in annual savings from VodafoneThree by 2032**, as it seeks to improve operational efficiency across the UK’s largest mobile network operator.

The restructuring extends beyond Britain, with Vodafone announcing a separate programme on Monday involving **2,300 job cuts in Germany over the next two years**.

Germany remains Vodafone’s largest market and a significant focus of its efforts to improve profitability and operating performance.

Despite the workforce reductions, **Vodafone reported an 11.4% year-on-year increase in group revenue during the first half of its financial year**, supported by growth across its operations.

**UK revenue increased 10% to €4.9 billion**, reflecting the contribution from VodafoneThree and developments across the company’s domestic business.

The stronger trading performance prompted management to raise its annual financial expectations.

**Vodafone increased its full-year adjusted earnings guidance to €13.2 billion–€13.4 billion**, compared with its previous range of €13 billion–€13.3 billion.

The company also upgraded its **cash flow guidance from €2.8 billion to €3 billion**, providing a more positive outlook for underlying cash generation.

**First-half adjusted earnings rose 6.4% to €6.45 billion**, demonstrating improved operating performance despite continued restructuring costs and challenges in Germany.

However, the company reported an **overall first-half loss of €3.6 billion**, largely reflecting an impairment charge of almost **€5 billion relating to its German business**.

The impairment highlights the difficulties Vodafone continues to face in its largest market, despite progress elsewhere in the group.

**Chief Executive Margherita Della Valle** welcomed the overall performance but acknowledged that Germany had further to go in delivering the improvements management expects.

The company is seeking to strengthen its competitiveness through restructuring, cost reductions and changes to its operating model.

**Vodafone’s results present a contrast between improving underlying trading and the financial impact of its restructuring programme**, with revenue growth and higher earnings guidance accompanied by substantial job reductions and an accounting loss.

The planned German workforce reductions also highlight the continuing pressure on telecommunications operators to control expenditure while investing in network infrastructure and service improvements.

**Vodafone shares edged lower following Tuesday’s results**, although the stock has gained almost **30% over the past 12 months**, reflecting a broader recovery in investor confidence.

The company’s priorities remain focused on delivering cost savings, improving performance in Germany and realising the anticipated benefits of VodafoneThree.

**The key milestones will be progress towards the €2 billion European savings target, delivery of the £1 billion VodafoneThree synergies and continued improvements in cash generation**, as management seeks to translate stronger operational performance into sustained financial returns.

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