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Vodafone terminates 1500 employees

Vodafone Idea has reportedly laid off about 1,500 employees from its offices across India in a bid to cut expenditures. Vodafone operates in India under the brand Vodafone Idea. It has over 319 million users in the country. Idea, owned by Indian billionaire Kumar Mangalam Birla, previously operated as an independent telecom player according to media reports.

The reports come just a little over two months after Vodafone Idea decided tooperationally curb its telecom circles to 10 from the previously functional 22clusters. The move came into effect in May, in a bid to reduce costsand increase the efficiency of its networks.

At present, Vodafone Idea has not officially commented on media reports about the layoff of 1,500 staff members.

Gear vendors are skeptical if the firm that owes them between $465-532 million roughly for equipment supplies, will be able to pay off new orders and clear past dues.

The network operator is also liable to pay the Indian government $6.8 billion in adjusted gross revenue dues inthat have accumulated for over 20 years. As of June 2020, the company has only been able to pay back $853 million of its total bill. AGR is a usage and licensing fee that telecom operators are charged by India's Department of Telecommunications.