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Layoffs hit Bell Canada

layoffs_bell_canada.jpg

Bell Canada, Canada’s largest telecommunications company, has announced that they will be laying off 2,500 managers, roughly 15 percent of them, to streamline the company a bit and reduce the management hierarchy from 11 layers to no more than 8.

These cuts, combined with some earlier executive-level job cuts, will save the company around $300 million a year but the cuts aren’t quite done yet. As the companies streamline continues another 500 to 1,000 workers may be laid off.

[Via Electronista]

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