Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings
by Mark Sweney from World news | The Guardian on (#79G5H)
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 Telefonica, 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.
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