Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings
· theguardian.com · popularity 30/100 · 0 similar stories today · Personal Finance & Investing (Money, Markets & Investing)
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Summary
Up to 25% of 16,000 workforce could go as telecoms group says it will increase use of AI in areas including customer service Business live – latest updates 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...
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