More job cuts for BT?

BT logo

BT is rumoured to be slashing 10,000 more jobs and facing a writedown of 1.5 billion, mostly blamed on its troubled Global Services arm.

The Sunday Times and Telegraph both reported BT would announce the job cuts in its preliminary results next month. The telecoms giant has already recently cut 10,000 from its work force.

The rumoured writedown would be mostly in its Global Services arm, with some of the money connected to BT's rollout of NHS IT systems in London.

The chief executive of BT Global Services stepped down last year, but the BT arm continued to drag down the group's profits earlier this year.

When asked for comment on the stories, a BT spokesperson told IT PRO: "The story is speculative in nature, and we don't comment on rumour and speculation."