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BT CEO Sees AI Driving Deeper Job Cuts and Spin-Off Options

She warned that AI’s full potential could push headcount below the planned cut target of 55,000 jobs by 2030.

A view of BT Group logo displayed on BT tower, in London, Britain, July 21, 2023. REUTERS/Hollie Adams
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Overview

  • Allison Kirkby said advances in AI could shrink BT’s workforce beyond its plan to cut up to 55,000 roles by the end of the decade.
  • The restructuring effort targets £3 billion in cost savings by 2030 through headcount reductions and operational efficiencies.
  • She indicated that if Openreach’s market value remains undervalued, BT may spin off the network unit to unlock shareholder returns.
  • BT has deployed generative AI across sales and support functions, and EE’s virtual assistant is handling up to 60,000 customer conversations weekly.
  • Industry peers such as Klarna and executives at AI firms warn that automation could displace hundreds of white-collar positions, intensifying labor pressures.