Proximus to cut 1,200 jobs by 2030: CEO

Belgian telecom operator Proximus said on Friday it would cut jobs as ‌part of ⁠an AI-driven effort ⁠to reduce costs, as a halving of its annual dividend pushed its shares towards their worst trading day ever.

Proximus will cut 1,200 jobs by 2030 due to AI-related efficiency measures, equivalent to 15% of its workforce, CEO Stijn Bijnens said during a presentation to investors on Friday.

It will also look to reduce its external workforce costs by 25 million euros by 2028, as part of a broader 180 ⁠million euro efficiency ‌program driven mainly by workforce savings.