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Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings

Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer service<ul><li><a href="https://www.theguardian.com/business/live/2026/nov/03/saudi-oil-company-profits-australian-central-bank-rates-brent-crude-crypto-hack-energy-prices-latest-news-updates">Business live – latest updates</a></li></ul>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. <a href="https://www.theguardian.com/business/2026/nov/03/virgin-media-o2-cut-jobs-cost-savings-telecoms-ai">Continue reading...</a>

GB1h ago1 min read

SOURCE: The Guardian World

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