Key facts
- Vodafone cut 3,000 jobs across UK and European operations in the first half of the year.
- Vodafone announced a further 2,300 redundancies in Germany on Monday, November 9, 2026.
- Vodafone aims to save more than €2 billion a year across European operations and shared services by 2030.
- Vodafone reported a statutory pre-tax loss of €373 million for the six months to September 30, 2026.
- Vodafone lifted full-year underlying earnings guidance to €13.2 billion to €13.4 billion, organic growth of roughly 6% to 8%.
- Vodafone did not disclose how many of the 3,000 roles were based in the UK, where it has its headquarters.
Vodafone cut 3,000 jobs across its UK and European operations during the first half of the year, the telecoms group said, and announced a further 2,300 redundancies in Germany on Monday, November 9, 2026. The company did not disclose how many of the 3,000 roles were based in the UK, where it has its headquarters. Jobs were also affected in the group's shared services operations, which deliver support functions from hubs in India and eastern Europe.
The cuts are part of a drive to save more than €2 billion a year across Vodafone's European operations and shared services divisions by 2030. The €200 million in European cost savings included €50 million stripped from UK operations following Vodafone's merger with Three UK in 2025 to form VodafoneThree. The struggling German business is a key focus, with the latest cuts intended to help turn its performance around.
Despite the cost savings, Vodafone swung to a statutory pre-tax loss of €373 million for the six months to September 30, 2026, compared with profits of €2.1 billion over the same period a year earlier. The loss was driven largely by a €4.85 billion writedown on its German business, alongside other impairment charges.
Vodafone lifted its full-year earnings guidance for the second time this year. It now expects underlying earnings of between €13.2 billion and €13.4 billion, representing organic growth of roughly 6% to 8%. Its previous forecast, raised in July, had pointed to €13 billion to €13.3 billion.
Group chief executive Margherita Della Valle said: "I am very happy about our overall group performance, but Germany is not yet where it needs to be." She added: "We have a clear action plan in progress, which is structurally simplifying our German operations and improving customer satisfaction across all of our services."
Since taking the helm in 2023, Della Valle has overseen a programme of workforce reductions. A total of 11,000 positions have been eliminated between then and the end of September this year, delivering €700 million in annual cost savings so far.