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The Guardian
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The Guardian

2026-11-03T08:21:45.000Z

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O2 plans major job cuts

O2 plans major job cuts

Virgin Media O2 plans £800m in annual cost savings by 2029 as it tackles £22bn of debt, including £300m from cutting its employee wage bill by 30% over two years. The company did not specify the number of job losses, but said up to 25% of its 16,000 employees could be affected, with most cuts in non-customer-facing roles. It also plans to expand the use of AI in customer service and network operations.

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