<ul data-eligibleForWebStory="true"><li>BT Group CEO Allison Kirkby foresees AI advancements leading to more job cuts at the telecoms company.</li><li>The company plans to eliminate over 40,000 jobs and reduce £3 billion in costs by the end of the decade, with AI potential suggesting further downsizing.</li><li>BT previously announced intentions to cut up to 55,000 jobs by 2030, underlining a transformation towards a smaller workforce and reduced expenses.</li><li>Kirkby hinted at the possibility of spinning off Openreach, BT's network infrastructure business, as its value may not be accurately reflected in the share price.</li><li>Despite speculations about Openreach, BT stated that it is not actively pursuing this option at present.</li><li>The company reported positive results due to growing demand for fibre broadband and significant cost savings, bolstering earnings and cash flow.</li><li>Resilience at Openreach helped offset revenue and profit declines in other units, attributed to diminishing legacy voice services and handset sales.</li></ul>

BT boss expects AI to deepen job cuts

Discover more