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

The Guardian Business Tuesday 03 November 2026, 08:21 UTC By Mark Sweney 1 min read
Key Points

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.

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 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.

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Virgin Media O2 (ORG) AI (ORG) Media O2 (ORG) Liberty Global (ORG)
Originally published by The Guardian Business Read original →

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