Archive · Guardian World
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 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 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...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Guardian World →