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Deutsche Telekom to lay off 4K-6K employees from IT services business

  • Deutsche Telekom (DTEGY) plans to lay off between 4K-6K of the 29K employees at T-Systems, its IT services business, German newspaper Handelsblatt reports.
  • The plan is expected to be put to Deutsche's supervisory board at its meeting on Dec. 12 and executed in the coming 3 years.
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