Virgin Media O2 set to axe 2,000 jobs by the end of 2023

NETWORK provider Virgin Media O2 is set to axe thousands of jobs by the end of the year, leaving up to 2,000 people unemployed.

It is understood that some of the impacted employees have already left the business, some are in consultation and others are due to be informed.

This means the significant job cuts will work out at more than a tenth of the operator’s workforce, reports The Telegraph.

Virgin Media O2 was formed in June 2021 as a joint venture between Liberty Global and Telefónica, merging Virgin Media and O2 UK businesses.

In the same year, it was one of the largest entertainment and telecommunications operators in Britain, with around 47 million customers.

A Virgin Media O2 spokesperson said: “As we continue to integrate and transform as a company, 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.

“While we know any period of change can be difficult, we are committed to supporting all of our people and are working closely with the CWU and Prospect along with our internal employee representatives as we have open and honest conversations on the future direction of our business.” South Wales Argus