Virgin Media O2 to axe 2,000 jobs by the top of the yr

Mobile operator Virgin Media O2 reportedly plans to put off 2,000 workers by the top of the yr.

The know-how big reportedly begin to hand employees redundancy notices on Monday evening.

The job cuts will quantity to greater than a tenth of the cell operator’s workforce, the Daily Telegraph reported.

Fellow tech big BT Group arround 55,000 job cuts again in May, reports Sky News.

BT mentioned its “total labour resource” was being decreased from 130,000 to between 75,000 and 90,000 by the top of the last decade beneath a “rolling plan”. Chief government Philip Jansen informed traders he anticipated that AI know-how would change round 10,000 roles.

Virgin Media O2 was created after a three way partnership between US-listed Liberty Group and Spain’s Telefonica in 2020. The Libert Group additionally owns 5% of Vodafone.