Catenaa, Monday, October 13, 2025-Spanish telecom giant Telefónica is preparing to slash as many as 6,000 jobs by year’s end as part of a sweeping restructuring aimed at reducing costs and streamlining operations, according to reports from Spain’s Expansión.
The job cuts are expected to affect Telefónica’s domestic units, including Telefónica de España, Telefónica Móviles, and Telefónica Soluciones, with the potential to extend to other subsidiaries such as Telefónica Tech, Telxius, and Movistar+.
The company is reportedly weighing the scope of the plan, which could ultimately impact up to 7,000 employees depending on negotiations with trade unions.
Telefónica has not confirmed the reports, but a spokesperson said the company is conducting internal analyses across all business areas, while no formal redundancy plan has yet been approved.
Previous workforce reductions, including a 2024 plan that cut 3,421 jobs in Spain, were implemented under Spain’s Expediente de Regulación de Empleo (ERE) framework.
Chief Executive José María Álvarez-Pallete and CEO Ángel Vilá Murtra are expected to present a new strategic plan at the company’s Capital Markets Day on November 4, which may include mergers and acquisitions in core markets.
The new redundancy program could be officially presented to union representatives by mid-November.
Analysts said the planned reductions, which follow similar moves in 2024, could cost more than €1.3 billion but yield higher annual savings than the previous €285 million estimate.
Telefónica aims to record the associated charges in fiscal 2025 to enter 2026 with leaner costs and improved profitability.
