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

Liberty Global

24/07/2023 23:05

(Adds response from Virgin Media 02)
       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. 
    "We are currently consulting on proposals to simplify our
operating model to better deliver for customers, which will see
a reduction in some roles this year," a company spokesperson
told Reuters. 
    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.


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