Vodafone posts €3.6 billion loss: 3,000 positions cut, further cuts on the way

Vodafone reported a €3.6 billion loss for the April–September period while cutting 3,000 positions across Europe and its shared operations, with a further 2,300 roles set to go in Germany. Despite the loss, the telecoms group raised its full-year operating profit guidance. The mixed update matters because it shows cost-cutting and guidance upgrades can offset headline losses at a time when European telecoms are under pressure to trim overheads. Investors will watch whether the German reductions proceed as planned and whether the improved profit outlook holds through the second half.