France Telecom chief financial officer Gervais Pellissier has denied rumours that job cuts are afoot.
Speaking on a conference call of the company's Q1 results on Wednesday Pellissier said, as quoted by Dow Jones Newswires: "We have no plans to cut jobs, contrary to what some press reports said."
The French incumbent posted a decline in earnings and in revenue for the first quarter, but cheered investors by reiterating its full-year guidance. A detailed look at France Telecom's latest results can be found here:
France Telecom confirms guidance as Q1 EBITDA slips