BT is Considering Deeper Overhaul to Shrink Workforce by 25%
BT Group Plc, Britain’s dominant phone company, is considering a deeper restructuring under new Chief Executive Officer Philip Jansen that could see its 100,000-strong workforce shrink by a quarter over five years, according to people with knowledge of the matter.
BT shares reversed a decline on the news and were up 1.6 percent as of 2:15 p.m. in London.
The broader overhaul, which was discussed before Jansen took over in February, would seek to deliver annual savings of several hundred million pounds, adding to the 1.5 billion pounds ($2 billion) of cuts targeted by former CEO Gavin Patterson, the people said. London-based BT has made about a quarter of the cuts announced last year, said one of the people.
The discussions are preliminary and the plans could change, and any announcement from BT wouldn’t come for several months, most likely after Jansen has outlined his vision for the company at its annual results in May, the people said.
A spokesman for BT declined to comment on any new job cut targets.
The phone company is an important employer in the U.K., where uncertainty about the country’s future relationship with Europe is prompting companies to scale back investment. Nissan Motor Co. said last month it’s dropping plans to build a new model in Britain, citing Brexit. Some of the world’s biggest banks have outlined plans to transfer several thousand staff from London to cities such as Paris, Dublin and Madrid.
The additional savings would help BT contend with falling revenue as the government wants the company to spend more on its fixed-line network. Jansen joined BT from Worldpay Inc., after Patterson was removed following bust-ups with regulators and an Italian accounting scandal. BT shares have halved in the past three years.
BT ranks among the least efficient of Europe’s former phone monopolies by revenue per employee, according to data compiled by Bloomberg, as peers such as Germany’s Deutsche Telekom AG have moved faster to automate some functions. Voice recognition systems are being used to interact with customers and carriers are moving toward software-defined networks that can be managed with fewer on-site engineers.
Job cuts are rolling out across the sector. Last June, Deutsche Telekom said it would cut as many as 10,000 roles in its computer-services division T-Systems. In January, Belgian carrier Proximus SA announced 1,900 redundancies. More recently, Vodafone Group Plc has been meeting unions and announcing job cuts in Italy, Spain and New Zealand under new CEO Nick Read.
- IAM Consultant- One Identity Manager- UK Wide
- Upto £75,000 plus excellent benefits
One Identity IAM consultant is needed for this expanding UK based business, you will be responsible for: Developing and Supporting the Identity and Access management system based-on One Identity products Active Roles Server and Identity Manager. Further develop One Identity Manager’s integration with Service Now to provide automated JML processes and application access requests and fulfilment. Work across the business ensuring that the IAM solutions integrates into both the technology and business systems and processes, ideally automating as mush as possible. Work with the Governance Risk & Compliance (GRC) team to provide application access attestations and toxic combination alerting and reporting. Work on a mixture of IAM related projects to help to integrate new ideas and technology into the business to ensure the business stays fully compliant Assist in ensuring that all IAM capabilities are mapped to internal processes, policies, and standards. Develop metrics to measure and improve and also compile reports around the solution If you are interested in this opportunity we are looking for someone who is skilled within Identity Acess management, you will need to have worked with the One Identity product, ideally both Active Roles Server and Identity Manager Experience in managing and integrating with Microsoft systems (on-premise and cloud), such as Active Directory, Exchange, Office, SharePoint, etc.
- SailPoint Integration Consultant
- Upto £75000 plus benefits
SailPoint Integration Consultant. SailPoint Integration Consultant is needed for this expanding service business to help them with complex deployment with their FTSE focused customer base. They are looking for experienced SailPoint Integration Consultants who have: • Strong solution designing experience with in depth understanding of IAM concepts and thorough understanding of Sailpoint domain. • Thorough understanding of Identity and Access Governance concepts • Leading and creating Identity & Access Management (IAM) technical architecture • Secure by Design principles in Identify Access management, Privilege Access management • Familiar with cloud architectures, data management and source control from a security perspective. This is a great opportunity to join a business that is growing and looking for individuals who want to grow and develop and work on some of the most complex Sailpoint deployments.
- CyberArk Integration Consultant
- Greater London
- upto 75,000 plus benefits
CyberArk Integration Consultant. CyberArk Integration Consultant is needed for this expanding service business to help them with complex deployment with their FTSE focused customer base. They are looking for experienced CyberArk Integration Consultants who have: • Strong solution designing experience with in depth understanding of IAM concepts and thorough understanding of CyberArk domain. • Thorough understanding of Identity and Access Governance concepts • Leading and creating Identity & Access Management (IAM) technical architecture • Secure by Design principles in Identify Access management, Privilege Access management • Familiar with cloud architectures, data management and source control from a security perspective. This is a great opportunity to join a business that is growing and looking for individuals who want to grow and develop and work on some of the most complex CyberArk deployments.
- Penetration Tester, UK based. Ability to achieve SC clearance
- United Kingdom
Experienced Penetration tester- UK based with the ability to achieve SC clearance. On-going training and development and paid certifications / renewals. Interested to hear from all areas of penetration testing, web app, infrastructure, mobile, etc. MUST have current hands on experience delivering penetration testing. Ideally from a consultancy background with experience working with multiple clients. OSCP / CREST / CHECK / Tigerscheme penetration testing experience / certifications desirable. Apply today for more details. All information kept in the strictest of confidence.