Vodafone plans to lay off approximately 2,300 people in Germany

Vodafone Germany plans to cut or relocate roughly 2,300 jobs over the next two years as part of a savings and restructuring program, the company said. The unit aims to trim costs through an AI-supported transformation and redirect the savings into growth areas such as fiber infrastructure and digital services. The move underscores the pressure on European telecom operators to shrink legacy cost bases while funding network upgrades. Investors will watch whether the reductions stay within the targeted timeline and whether the savings show up in Vodafone's margin guidance for Germany, its largest market.