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Investing.com -- Altice Portugal is reducing its workforce by approximately 1,000 jobs, representing 16% of its total employees, as advancements in artificial intelligence make certain positions unnecessary.
Jorge Felix, president of the Union of Altice Portugal Workers, confirmed to Bloomberg that about 800 workers joined a buyout program in July, adding to 200 employees who had previously agreed to leave the company. When contacted about the job reductions, a spokesperson for Altice declined to provide any comment.
"We can’t deny that Altice needs to adapt to increased automation and AI," Felix stated in a telephone interview with Bloomberg. He added, "It’s also true that Altice needs to cut costs and reduce debt and that these measures also make the company more attractive for a possible buyer."
The Portuguese telecommunications operator has been putting resources into automation and artificial intelligence technologies while facing heightened competition in the market. This competitive pressure increased after Digi Communications NV, a Romanian telecommunications company known for its low-cost services, launched operations in Portugal.
The job cuts at Altice follow similar workforce reductions at NOS SGPS SA, Portugal’s second-largest telecommunications company, which eliminated positions in May in response to the increasingly competitive market environment.
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