Telia Lietuva to reorganise Technology unit in digital shift [Yahoo! Finance]
TELIA COMPANY AB UNSP/ADR (TLSNY)
NASDAQ:AMEX Investor Relations:
teliacompany.com/en/investors
Company Research
Source: Yahoo! Finance
By deploying digital and artificial intelligence (AI) solutions, the Company plans to reduce its workforce by 59 positions. Telia currently employs around 2,500 people in Lithuania. “Over the past five years, we have consistently digitalised our processes and integrated AI solutions. This has enabled more efficient ways of working and has led us to review the structure of the combined Technology and Digital Transformation unit,” says Vygintas Domarkas, Head of Digital & Technology at Telia Lietuva. The reduction in workforce is not related to individual employee performance or competencies. The decisions are driven by changes of the unit's structure and operating model, aimed at improving efficiency and expanding the use of digital solutions across the organisation. The changes in Telia Lietuva are part of broader changes across Telia Company Group and are also taking place in other Group countries, Group functions and Telia Global Services Lithuania (TGSL). At Group level, stru
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