British broadcaster Virgin Media O2 to lay off 10% of workforce - The Telegraph

Liberty Global

24/07/2023 22:47

July 24 (Reuters) - British mobile operator Virgin Media
O2 is planning to lay off 2,000 employees, or 10% of its total
workforce, the Telegraph reported on Monday. 
    Redundancy notices were issued to some staff on Monday
night, the report said. 
    British broadband and mobile company Virgin Media O2 is
owned by Liberty Global  LBTYA.O  and Italy's Telefonica
 TEF.MC .
    The company's rival, BT Group  BT.L , Britain's biggest
broadband and mobile provider, had slashed more than 40% of its
workforce in May.
    Virgin Media 02 did not respond to a Reuters request for
comment. 

 (Reporting by Urvi Dugar in Bengaluru)
 ((UrviManoj.Dugar@thomsonreuters.com;))