Vodafone (NYSE: VOD) Upgraded To Outperform At Exane BNP Paribas

Vodafone Group (NYSE:VOD), the world's largest mobile operator, announced Tuesday that it will cut 375 jobs in the UK, as part of its efforts to lower costs.

Vodafone's entire workforce employs approximately 9,000 people in the UK.

However, the company added that it plans on hiring 170 new employees in "customer facing roles."