BT Group CEO Allison Kirkby believes that advancements in AI will result in more job cuts beyond the already planned 40,000. The company aims to achieve savings of about 3 billion GBP by 2030.
Kirkby has sold BT Italia and its Irish division to prioritize operations in the UK. Under her leadership, shares of British Telecom have surged by 65%.
Kirkby may spin off Openreach, arguing its current valuation is not reflected in share prices. Openreach targets 25 million home coverage by next year and 30 million by 2030.
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