'Bell Will Reduce Workforce By 1,300 Positions; Will Be 20% Fewer Executive Roles In The Company Than In 2020; Roles Are Largely In Management, Which Will See A Reduction Of 6%' - BNN Bloomberg
Portfolio Pulse from Benzinga Newsdesk
Bell announced a reduction of 1,300 positions, including a 20% decrease in executive roles compared to 2020. The cuts are primarily in management, which will see a 6% reduction.
June 14, 2023 | 4:16 pm
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Bell's workforce reduction of 1,300 positions, including a 20% decrease in executive roles, may lead to short-term cost savings for the company.
The reduction in workforce, particularly in executive and management roles, is likely to result in cost savings for Bell in the short term. This may positively impact BCE's stock price as investors may view the move as a way to streamline operations and improve efficiency.
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