Virgin Media O2 to cut thousands of jobs

· Tech · United Kingdom

Thousands of jobs at Virgin Media O2 are to be cut, according to the BBC, which reported that the broadband provider has not finalised the number of roles but it will likely be a sizeable chunk of its workforce. The company is one of Britain's largest telecoms and broadband operators. No further details on the timeline or which roles were given.

Why it matters:Large telecom job cuts add to pressure on Britain's labour market and reflect industry cost-cutting.

Key points

  • The number of roles has not been finalised
  • Cuts will likely be a sizeable chunk of the workforce
  • Virgin Media O2 is a major UK provider

Sources (original reporting)

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