Virgin Media O2 reportedly plans around 4,000 job cuts, a quarter of its workforce
Key points
- Sky News reports Virgin Media O2 is preparing to cut around 4,000 jobs, about a quarter of its 16,000 staff
- The final number has not been set; cuts would fall mainly on non-customer-facing roles
- The company has not confirmed the plans; shareholders reportedly want about £600 million in cost savings
Sky News reports that Virgin Media O2 is preparing to cut around 4,000 jobs, about a quarter of its 16,000 staff. The final number has not been set. The cuts would fall mainly on non-customer-facing roles, and senior leadership changes are also under consideration. Shareholders reportedly want to cut about £600 million in costs. The company has not confirmed the plans and declined to comment.
Original report: People Matters - HR News ↗Edited with AI assistance. Facts are based on official sources and original reports.