What Does This Mean?
Rolls-Royce is a company that’s bloated with costs. Despite being a manufacturer, it has over 30,000 non-manufacturing jobs – which explains why it’s on a warpath to reduce its non-essential spending and create a leaner organisation.
Since his appointment in 2015, Rolls’s CEO has made almost 10,000 heads roll through job cuts. This latest round hits back and middle office roles (like admin, risk management and IT), that are just under 10% of all Rolls-Royce's jobs globally.