Vodafone will axe 11,000 jobs over the next three years. As the new chief executive sets out plans to simplify the telecoms giant. The cuts equal around a 10th of its global workforce and will affect its UK headquarters and other countries. Margherita Della Valle, who is also Vodafone’s financial director, said its performance has not been good enough. It also faced embarrassment in April when a problem knocked out its broadband services for around 11,000 UK customers. Mrs Della Valle who was appointed as Vodafone's new chief in January, said “to consistently deliver, Vodafone must change”.

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