TalkTalk has announced a major business restructure resulting in the loss of 580 jobs. The phone company said the expansion of its network means it needs to integrate its technology teams, resulting in a reduction of its workforce.
" Five years of very rapid growth, starting with the launch of free broadband in 2006 and followed by the acquisitions of AOL Broadband and Tiscali UK, have made TalkTalk by far the UK's largest next-generation network with over 4.25 million broadband and voice customers," said chief executive Dido Harding. "This has created a level of duplication and it is now time to address that and build an organisation fit for the future. From today, we will have one consolidated central services team with all IT services being housed within the technology team."