Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings
Direct Source Verification:
This story is aggregated from The Guardian (theguardian.com). Full reporting rights and copyright belong to the primary publisher.
Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer serviceBusiness live – latest updatesVirgin Media O2 is to cut thousands of jobs in an £800m cost-cutting drive as the telecommunications company aims to tackle it...
Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer service
Virgin Media O2 is to cut thousands of jobs in an £800m cost-cutting drive as the telecommunications company aims to tackle its £22bn debt pile.
VMO2, which is jointly owned by Liberty Global and Telefónica, said £300m of the savings target will come from job cuts that will reduce the company’s employee wage bill by 30% over the next two years.
Continue reading...Original Source
https://www.theguardian.com/business/2026/nov/03/virgin-media-o2-cut-jobs-cost-savings-telecoms-ai
