The telecommunications conglomerate BCE Inc. has announced the elimination of 4,800 jobs, which accounts for 9% of its workforce, marking its most significant restructuring in three decades. The announcement comes as BCE reported a 23.3% decline in its fourth-quarter net profit, amounting to $435 million. Mirko Bibic, President and CEO of BCE, stated that the job cuts will occur at all levels of the company, with a focus on attrition and the elimination of vacant positions before resorting to direct workforce reductions and layoffs.