• The 13,000 'savage' layoffs at BT could be preparing the company for a sale, insiders say

    8 days ago - By Chron

    REUTERS/Mary Turner
    Insiders at BT say the 13,000 layoffs announced yesterday are much more "savage" than expected.
    The company is rife with the rumour that management is trying to dress the company up for some kind of transaction, possibly involving Deutsche Telekom.
    BT is hobbled by years of technical debt. Its main internal database is decades old.
    It is so fragile that a fire in a Rochdale datacentre crippled the company internally for 10 days in 2016.
    Any acquiring company that can free itself of BT's £11 billion pension deficit obligation might inherit a nice little monopoly over...
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