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Story summary
- Bell Canada is laying off nearly 700 employees, primarily managers, to reduce debt and drive growth.
- The reductions include about 650 management positions and 40 Bell Media roles.
- Sluggish growth and long-term debt prompted these cuts.
- Earlier this year, Bell offered severance packages to 1,200 unionized employees due to challenges in the telecommunications industry.
- The company aims to invest in artificial intelligence (AI) and expand its U.S. fiber internet division.
