Virgin Media O2 to cut jobs, halt fibre rollout in UK
NEW DELHI: British mobile and broadband company Virgin Media O2 is cutting jobs and halting its fibre rollout as it seeks to increase profitability and reduce debt.
“Cost savings at an annual run rate of approximately £800 million by 2029, with around £400 million delivered in 2027, will result in a reduction in roles and fewer organisational layers…” the telco said, adding that senior leadership changes are already underway. The company will also increasingly embed AI and digital tools to support faster decision-making and delivery.
