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Cell C shares plan to lay off 40% of staff

A year, ago I wrote an article titled Cell C Fast Becoming South Africa’s Telecel. The article noted some of the similarities between the two telecoms companies divided by a border and a year later there is still one big similarity. Neither company can catch a break.

We wrote about the state of affairs at Telecel a few weeks ago. What’s happening on Cell C’s side of the pond?

Recently, the company announced that it is going to lay off around 38% of its workforce as part of its restructuring. Of their workforce numbering 2500, about 960 will be retrenched in the near future.

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Cell C announced a turnaround strategy back in 2019 and part of that included procurement cuts, a hiring freeze for one year, and reviewing & discontinuing of certain products – which is why they ended up discontinuing Cell C Black their Video on Demand service.

Last year, the company also lost 2.9 million subscribers and declared a loss of R3.9 billion;

No final decision has been made and the consultation process with affected employees is meant to obtain input for consideration before a final decision is made

Cell C statement


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