Virgin Media O2 to slash as much as 2,000 jobs by finish of yr

British cellular operator Virgin Media O2 has introduced plans to put off as much as 2,000 workers by the top of the yr.

The telecoms big reportedly began at hand some workers redundancy notices on Monday night time.

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

It follows 55,000 roles being cut by rival BT Group again in May.

When outlining annual outcomes, BT mentioned it noticed its “total labour resource” being decreased from 130,000 to between 75,000 and 90,000 by the top of the last decade below a “rolling plan”.

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Chief govt Philip Jansen advised traders he anticipated that AI know-how would substitute round 10,000 roles.

Virgin Media O2 was created after a joint venture between US-listed Liberty Group and Spain’s Telefonica in 2020.

Earlier this month, Ofcom opened a probe into the corporate following complaints that the cellular operator was making it arduous for patrons to cancel companies.

The Liberty Group additionally holds 5% in Vodafone, which additionally plans to slash 11,000 jobs world wide throughout three years.

It comes as the corporate initiatives a $1.6bn (£1.2bn) drop in annual free money move.