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Telefonica plans to lay off 6,000 workers this year, Expansion reports
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Telefonica plans to lay off 6,000 workers this year, Expansion reports
Oct 5, 2025 11:52 PM

MADRID, Oct 6 (Reuters) - Spanish telecoms group

Telefonica plans to lay off at least 6,000 employees

across several units before the end of the year, newspaper

Expansion reported on Monday, citing people familiar with the

plans.

The total number of workers initially affected by the

redundancy plan could rise to 7,000 out of a global workforce of

around 100,000, the report added, although negotiations with

unions tend to reduce such targets.

A spokesperson for Telefonica told Reuters that "multiple

analyses are being carried out in all areas of the company, but

there are no plans for a redundancy programme at this time".

The company is set to present its new strategic plan

spearheaded by recently-appointed Executive Chair Marc Murtra on

November 4.

According to the Expansion report, Telefonica seeks to

officially inform unions of the potential layoffs shortly after

the strategic plan's presentation, which could allow the company

to reach a deal before December 31 and thus allocate the

resulting provisions to the 2025 financial year.

The redundancy plan is expected to be similar to one

implemented in 2024, which was "preferably voluntary" for

employees aged 55 and over, Expansion added in its report.

According to the report, the bulk of affected employees - up

to 5,000 - will likely belong to the Spanish business, as well

as subsidiaries Telefonica Moviles - the company's mobile and

broadband unit in Spain - and Telefonica Soluciones, which

offers outsourced IT services.

However, employees at the corporate centre - which until now

had been spared from previous redundancy plans - may also be

affected.

(Reporting by David Latona; Editing by Emelia Sithole-Matarise)

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