CEO Jazz hints for significant downsizing as economic uncertainty puts the company in hot waters

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Aamir Ibrahim, the Chief Executive Officer (CEO) of Jazz, alluded to the need to implement strict measures owing to the Country’s current economic crisis in a statement to the company’s employees.

Aamir claimed that the company has been significantly harmed by the high increase in petroleum and energy prices as well as the inflated borrowing rates. He described the current situation as a “crisis,” adding that it is not the company’s first catastrophe and is undoubtedly not going to be the last.

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“Difficult times call for tough actions,” according to CEO Jazz, and these difficult but necessary choices must be made while addressing the current “critical” Issue the company is experiencing.

Aamir declared, “Over the past few years, we have not only survived hardship, but also thrived as a result of it. I have faith that we will prevail in this conflict because of the Jazz 1st ethos you have demonstrated over the years, from the BVS campaign in 2015 to the Warid merger in 2017 to the handling of COVID in 2020.

In reference to how the company’s operational environment is changing “at the back of political and economic volatility around the world, but more so in Pakistan,” he stated required modifications must be made as “the world surrounding changes, so must we.”

The CEO stated that these difficult choices will guarantee “continued services to our 75 million consumers and continue to position ourselves for development and leadership.”

He said that he would “ensure we communicated frequently, openly, and honestly” and that he would soon provide clear and transparent communication of additional information.

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