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Updated · Bloomberg · Jun 15BCE Cuts 690 Jobs to Fund US Internet and AI Expansion
3 articles · Updated · Bloomberg · Jun 15Summary
- BCE is eliminating 690 positions, a reduction equal to about 1% of its total workforce, in its latest cost-cutting move.
- The cuts are meant to free up spending for major investments in the company’s US internet business and artificial intelligence initiatives.
- A BCE spokesperson said the job reductions are part of a broader focus on lowering costs while continuing network buildouts.
Insights
With over 7,400 Canadian jobs cut, can BCE's pivot to US internet and AI truly benefit Canada? Can BCE's massive AI bet deliver its promised returns without sacrificing its core Canadian telecom services?