Up to 25% of 16, 000 workforce could go as telecoms group says it will increase use of AI in areas including customer service Business live – latest updates Virgin Media O 2 is to cut thousands of jobs in an £800 m cost-cutting drive as the telecommunications company aims to tackle its £22 bn debt pile.
VMO 2, which is jointly owned by Liberty Global and Telefónica, said £300 m of the savings target will come from job cuts that will reduce the company’s employee wage bill by 30% over the next two years. Continue reading...