Having cut its headcount in Spain last year by more than 3,400, Telefónica is reportedly drawing up plans to reduce its domestic workforce by a further 4,000 to 5,000 roles, according to El Confidencial ( as reported by Reuters ). Telefónica is under new management, with CEO Marc Murtra having recently initiated a major strategic review – that review might result in further headcount reductions, it seems – see New Telefónica CEO preps massive overhaul.