In line with the company's global employment strategy, Telefónica Spain closed the year 2023 with a percent reduction in its workforce. Thus, on December 31 of that year, the number of employees in Spain stood at . Despite this, this subsidiary is currently the second largest in terms of number of workers within the group, only surpassed by Brazil.
ÌýIs it losing prominence?
The current scenario of the technology and telecommunications market is nothing like it was just or decades ago, when Telefónica was on the verge of monopoly. Competitors such as Vodafone, Orange, or Claro, along with new mobile virtual network operators (MVNOs), have been capturing increasingly larger shares of the global market. Despite this, Telefónica still appears in most national and international rankings, whether in terms of revenue, reputation, brand value, or stock market capitalization..
STC Group: the big surprise
The acquisition by the operator STC Group of 9.9 percent of Telefónica's shares — a stake that makes it the main shareholder of the company, ahead of Blackrock or BBVA — has raised many questions about its possible consequences, despite the friendly message sent by the Saudi group. The stock market has welcomed the operation, as evidenced by the rise in the value of the Spanish operator's shares, but many analysts and industry experts remain cautious about the deal due to the high percentage of shares acquired and Telefónica's importance to the State in terms of Defense.
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