Spain's Telefonica plans to cut over 4,500 jobs voluntarily across its operations, following union negotiations. The reductions include positions in its Spanish and global units, and subscription TV service Movistar+. This strategy aims to manage costs amid slow growth in the European telecom sector.
https://www.devdiscourse.com/article/science-environment/3733431-telefonicas-voluntary-job-cuts-a-strategic-move-amid-economic-pressures