Orange Business Plans Job Cuts and Strategic Repositioning
French telecommunications company, Orange Business Services, has announced its plans to cut its workforce by thousands and reposition its business to focus on cloud computing and cybersecurity. The company, which provides technology solutions to businesses, has said the job cuts will impact mainly management and support roles, with a focus on Europe, where 1,000 of the job cuts will take place. The strategic repositioning, on the other hand, will focus on developing cutting-edge solutions in cloud computing and cybersecurity; services which the company says are in increasing demand in the COVID-19 era.
This announcement comes after Orange Business Services’ revenues rose to €7.3bn in 2020, an increase of 2.7% compared to 2019. Despite this, the company experienced a net loss of €285m in 2020, prompting the drastic measures. The company has already begun consultations with employee representatives and plans to offer voluntary redundancies as a way of softening the impact of the job losses.
Orange Business Services Responds to Digitalization and Post-COVID Needs
Orange Business Services, like many other companies in the technology industry, has had to adjust to the changing business landscape brought about by the COVID-19 pandemic. With many businesses shifting their operations online and working from home, the demand for cloud computing and cybersecurity solutions has skyrocketed. Orange Business Services’ strategic repositioning to focus on these areas is a response to the changing needs of its clients in the post-COVID era. The company hopes that by investing in these cutting-edge solutions, it will be better placed to address the technology demands of businesses in the coming years.
Job Cuts a Necessary Evil
The decision to cut jobs may seem harsh, but it was a necessary step for Orange Business Services, which is seeking to cut costs and boost profitability. By focusing on Europe, where the majority of the job losses are set to take place, the company hopes to streamline its operations and better align its resources with its new strategic direction. The decision to offer voluntary redundancies also shows that the company is willing to work with its employees to soften the blow of the job cuts.
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Summary:
Orange Business Services, the French telecommunications company, has announced plans to cut thousands of jobs mainly in Europe and reposition its business to focus on cloud computing and cybersecurity. The job cuts come after the company experienced a net loss of €285m in 2020; however, it hopes that by investing in these areas, it will be better placed to address the technology demands of businesses in the post-COVID era. The company plans to offer voluntary redundancies as a way of softening the impact of the job losses. #BUSINESS