Vodafone posts higher sales and profits as cost-cutting drives 1,200 job cuts in Europe

The telecom giant's restructuring efforts are boosting the bottom line, even as it sheds roles across its European operations and shared services.

By Handelsavisen Newsroom · Automated 2026-07-27 07:55 UTC · 1 min read

Vodafone Group has reported an increase in both sales and profits, driven by aggressive cost-saving measures that have resulted in the elimination of 1,200 jobs across Europe and its shared operations over recent months.

The restructuring initiative underscores the company's focus on operational efficiency amid a challenging macroeconomic environment for telecommunications.

By streamlining its workforce, Vodafone aims to improve its margin profile and free up capital for strategic investments or debt reduction.

This financial update comes shortly after Vodafone shares climbed sharply in London trading.

The previous rally was triggered by reports that a prominent French telecommunications investor had become the company's largest shareholder, marking a significant shift in the firm's ownership structure and strategic outlook.

The FTSE 100 index also saw modest gains recently, with Vodafone and easyJet shares contributing to the advance following positive developments in their respective merger negotiations.