Wednesday, December 6, 2023
  • About
  • Advertise
  • Careers
  • Contact
4press
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Login
No Result
View All Result
4Press
Home Virgin

Virgin Media O2 to slash up to 2,000 jobs by end of year

admin by admin
July 25, 2023
in Virgin
0
virgin-media-o2-to-slash-up-to-2,000-jobs-by-end-of-year
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

British mobile operator Virgin Media O2 has announced plans to lay off up to 2,000 employees by the end of the year.

The telecoms giant reportedly started to hand some staff redundancy notices on Monday night.

The job cuts will amount to more than a tenth of the mobile operator’s workforce, the Daily Telegraph reported.

It follows 55,000 roles being cut by rival BT Group back in May.

When outlining annual results, BT said it saw its “total labour resource” being reduced from 130,000 to between 75,000 and 90,000 by the end of the decade under a “rolling plan”.

Read more:
Virgin Media O2 dials up £100m bid for altnet rival Trooli
BT Group chief executive Jansen to step down next year

Chief executive Philip Jansen told investors he expected that AI technology would replace around 10,000 roles.

Virgin Media O2 was created after a joint venture between US-listed Liberty Group and Spain’s Telefonica in 2020.

Earlier this month, Ofcom opened a probe into the company following complaints that the mobile operator was making it hard for customers to cancel services.

The Liberty Group also holds 5% in Vodafone, which also plans to slash 11,000 jobs around the world across three years.

It comes as the company projects a $1.6bn (£1.2bn) drop in annual free cash flow.

Related posts

No Content Available

British mobile operator Virgin Media O2 has announced plans to lay off up to 2,000 employees by the end of the year.

The telecoms giant reportedly started to hand some staff redundancy notices on Monday night.

The job cuts will amount to more than a tenth of the mobile operator’s workforce, the Daily Telegraph reported.

It follows 55,000 roles being cut by rival BT Group back in May.

When outlining annual results, BT said it saw its “total labour resource” being reduced from 130,000 to between 75,000 and 90,000 by the end of the decade under a “rolling plan”.

Read more:
Virgin Media O2 dials up £100m bid for altnet rival Trooli
BT Group chief executive Jansen to step down next year

Chief executive Philip Jansen told investors he expected that AI technology would replace around 10,000 roles.

Virgin Media O2 was created after a joint venture between US-listed Liberty Group and Spain’s Telefonica in 2020.

Earlier this month, Ofcom opened a probe into the company following complaints that the mobile operator was making it hard for customers to cancel services.

The Liberty Group also holds 5% in Vodafone, which also plans to slash 11,000 jobs around the world across three years.

It comes as the company projects a $1.6bn (£1.2bn) drop in annual free cash flow.

Previous Post

Credit Suisse handed record £87m fine by Bank of England

Next Post

Spotify raises price of premium subscription service in more than 50 countries

Next Post
spotify-raises-price-of-premium-subscription-service-in-more-than-50-countries

Spotify raises price of premium subscription service in more than 50 countries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Premier League Aims to Secure Swift Funding for ‘New Deal’ with EFL

Premier League Aims to Secure Swift Funding for ‘New Deal’ with EFL

4 months ago
business-newspaper-city-am-nears-administration-after-month-long-auction

Business newspaper City AM nears administration after month-long auction

4 months ago
“COVID Rules Expiring: Pubs to Stop Offering Takeaway Pints from Next Month”

“COVID Rules Expiring: Pubs to Stop Offering Takeaway Pints from Next Month”

4 months ago
Shawbrook Bank Announces Potential £3.5bn Merger with Co-operative Bank

Shawbrook Bank Announces Potential £3.5bn Merger with Co-operative Bank

4 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • 900 loss 4. Treasury bond fund 5. plummeting value
  • Acas Survey
  • Acquire
  • AI
  • Airline
  • alert
  • Allegations of Ongoing Bullying 2. Toxic Work Environment 3. This Morning 4. Staff's Efforts to Report 5. ITV
  • Allison Kirkby
  • Apparel and Accessories 2. Vintage Collectibles 3. Limited Edition Products 4. Apple Merchandise 5. Exclusive Logo Items
  • Artificial Intelligence 3. Media
  • Automotive industry 2. Car registrations 3. July statistics 4. SMMT (Society of Motor Manufacturers and Traders) 5. Record-breaking numbers
  • Automotive Industry 2. Electric Vehicles 3. Second-hand Market 4. Sales Trend 5. Record-breaking Figures
  • Bank of England
  • Banking
  • Banking and Finance 2. Mergers and Acquisitions 3. Co-operative Bank 4. Sainsbury's 5. Mortgage Portfolio
  • Banking regulations 2. Interest rate policies 3. Compliance requirements 4. Consumer protection 5. Financial transparency
  • Barbenheimer'
  • Barbie Film 2. Box Office Records 3. $1 Billion in Sales 4. Female Directors 5. Triumph
  • Ben Bernanke
  • Breaking News
  • Bud Light Beer Sales 2. Plummet 3. Controversial Ad Campaign 4. Transgender Influencer 5. Dylan Mulvaney
  • Business
  • Business 2. Retail 3. Rescue bid 4. Gordon Brothers 5. Wilko
  • Business acquisitions 2. Publishing industry news 3. Financial investments 4. Private equity firms 5. Impact on Simon & Schuster
  • Business and Finance 2. Media and Publishing 3. Mergers and Acquisitions 4. Parenting and Family 5. Corporate Transitions
  • Business Growth: Revenues and User Numbers Surge at Meta 2. Legal Matters: Meta's Legal Expenses Soar amidst Success 3. Financial Performance: Surging Revenues
  • Business News 2. Entertainment Industry 3. Film Industry 4. CEO Insights 5. UK Cinema Challenges
  • Business News 2. Real Estate Industry 3. Company Acquisitions 4. Workforce Changes 5. Purplebricks Announcement
  • Business News 2. Technology 3. Workplace 4. HR Policies 5. COVID-19 Updates
  • Cancer monitoring
  • central bank
  • CEO
  • CEO Resignation 2. NatWest 3. Nigel Farage 4. Bank Account Leak 5. Controversy
  • Chief Economist
  • China
  • Co-op Bank's compensation package 2. Customers affected by processing system issue 3. Compensation offer details 4. Co-op Bank's response to the issue 5. Customer support and compensation process
  • collaboration
  • controversial imagery
  • Controversy 2. BBC's Maida Vale Studios Bid 3. Vaughn Consortium 4. Challenges 5. Surrounds
  • Corporate Governance 2. Executive Compensation 3. Dispute Resolution 4. Legal Accountability 5. Responsible Leadership
  • Corporate Social Responsibility 2. Fashion and Sneaker Industry 3. Philanthropy 4. Adidas Yeezy Trainers 5. Business Ethics
  • Coutts CEO
  • COVID
  • COVID rules
  • Credit
  • Crime
  • Crime 2. Retail 3. Employee abuse 4. Co-op shops 5. Trend analysis
  • Daily Mail 2. Proprietor Rothermere 3. Investors 4. Discussions 5. Telegraph Acquisition
  • Debt Relief Services 2. Corporate Insolvencies 3. Increasing Demand 4. Highest Level in Over a Decade 5. Financial Crisis
  • Disney+ 2. UK Prices 3. Global Subscriber Decline 4. Information 5. Important Updates
  • Domestic Abuse 2. Smart Speakers 3. Baby Monitors 4. Control of Victims 5. Warning by MPs
  • E-commerce
  • Economic 2. Financial 3. Political 4. Credit 5. Governance
  • Economic downturn
  • Economic Growth 2. Financial Performance 3. Market Expansion 4. Current Industry Trends 5. Long-term Sustainability
  • Economic news
  • Economics
  • Economics 2. Monetary Policy 3. Financial Markets 4. Quantitative Easing 5. Interest Rates
  • Economy
  • Economy 2. Bank of England 3. Forecasts 4. Prolonged Economic Struggles 5. Many
  • Economy 2. Technology
  • Electric vehicles 2. Van industry 3. Arrival 4. Partnerships 5. Survival strategies
  • employment
  • Energy
  • Energy price cap 2. Negative impact 3. Increased costs 4. Inflation 5. Energy sector
  • Energy Security 2. Job Creation 3. Reduced Reliance 4. Hostile States 5. Russia
  • Entertainment 4. Corporate
  • Entertainment industry 2. Artificial Intelligence (AI) 3. Hollywood 4. Actors 5. Writers
  • Environment
  • Eurozone interest rates 2. Record high 3. Economy 4. Financial markets 5. Impact
  • Executives 2. Career milestones 3. Departure 4. Succession planning 5. Uncertainty
  • Experiment
  • Expiring rules
  • Fashion
  • Fast food
  • Finance
  • Finance 2. Investment Banking 3. Executive Recruitment 4. European Market 5. Warburg Pincus
  • Finance and Banking 2. Economic News 3. Political Developments 4. Controversies 5. Business Updates
  • Financial 5. Future Outlook
  • Financial News 2. Banking 3. Mergers and Acquisitions 4. Shawbrook Bank 5. Co-operative Bank
  • Financial performance: Analyzing the economic health and profitability of major companies. 2. Competitive landscape: Assessing how different companies compare in terms of market share
  • Financial Regulations 2. Banking Practices 3. Legal Consequences 4. Political Bias 5. Corporate Governance
  • Food and Beverage 2. Government Regulations 3. Social Impact 4. Business and Economy 5. Licensing and Policies
  • Food industry 2. Plant-based alternatives 3. Beyond Meat 4. Revenue decline 5. Demand decrease
  • Football
  • Former Fed Chair
  • Franchise
  • Fraud Scandal
  • Fraudulent Ticket Sales 2. Ticket Scam Alerts 3. Increasing Report of Ticket Fraud 4. Lloyds Bank's Warning on Football Ticket Scams 5. Rising Incidents of Ticket Fraud: Lloyds Bank's Caution
  • Gender inequality
  • Global economy
  • Government
  • Halifax 2. Mortgage Rate Cutters 3. Halifax Mortgage Rates 4. Halifax Mortgage Deals 5. Halifax Mortgage Offers
  • Health
  • Healthtech
  • Heathrow Airport
  • Home protection 2. Carbon Monoxide alarms 3. Online shopping 4. Effectiveness of products 5. Safety precautions
  • Housing affordability 2. Real estate investment 3. Market stability 4. Housing demand 5. Economic resilience
  • Housing crisis 2. Rental supply 3. Affordability 4. Impact on renters 5. Britain's housing market
  • HS2
  • Increasing Pressure
  • inflation
  • Influence
  • interest rates
  • Investigation
  • Italy 2. Unexpected windfall tax 3. Banks' interest rate profits 4. What you need to know
  • Job cuts
  • Job market 2. Hiring trends 3. Economic climate 4. Employer concerns 5. Survey findings
  • Job Opportunity
  • Kwasi Kwarteng 2. Mini-Budget Decision 3. Ignored Warnings 4. Significant Economic Deterioration 5. Economic Policies
  • Labor
  • labor strike
  • Labour warning 2. UK households 3. potential £8
  • Legal action
  • legal troubles
  • Mattel
  • Media
  • Media Consumption Trends 2. Broadcasting Industry Insights 3. Television Viewership Analysis 4. Ofcom's Groundbreaking Report 5. Changing Landscape of TV Watching
  • Microsoft
  • Mortgage arrears 2. UK finance 3. Homeowners 4. Landlords 5. Payment struggles
  • MPs Report: Food Insecurity 2. Unhealthy Eating Habits 3. Obesity 4. Food Insecurity and Unhealthy Eating 5. MPs Report on Food Insecurity and Obesity
  • Music industry news 2. Artificial intelligence 3. Google 4. Music labels 5. Song generation
  • NatWest
  • NatWest CEO
  • News
  • Nigel
  • Nigel Farage 2. Coutts Bank 3. Bank accounts 4. Offer 5. Controversy
  • Nuclear Energy
  • Politics
  • Politics 2. Finance 3. Banking 4. Corporate Accountability 5. Data Leak
  • Premier League
  • product offerings
  • Prospects
  • Racial discrimination
  • Real estate market 2. Sales decline 3. Housing prices 4. Taylor Wimpey 5. Resilience
  • Regulator
  • rental opportunities
  • Rental Property Shortage 2. Increasing Demand 3. Limited Supply of Tenants 4. RICS Predicts 5. Rental Property Market
  • Resignation
  • Retail industry 2. British towns 3. Decline of retail outlets 4. Disappearing thousands 5. Socio-economic transformation
  • Retail industry 2. Consumer behavior 3. High street economy 4. Business impact 5. Competitive landscape
  • reveals
  • Rishi Sunak 2. North Sea Energy Opportunities 3. Scotland's Net Zero Transition
  • Rising interest rates 2. Redditch residents 3. Food banks 4. Survival 5. Relying
  • Royal Mail Stamps 2. Barcode 3. Surcharge Fees 4. Last Chance 5. Avoidance
  • Sales
  • Sam Bankman-Fried 2. Controversial 'crypto king' 3. Jailed in dramatic fashion 4. Bail revoked 5. Crypto industry news
  • Savings
  • Seth Rogen 2. ongoing challenges 3. Hollywood writers' dispute 4. strike reaches 100th day 5. highlights
  • Share
  • Shell
  • smoking cessation
  • Social Media 2. Technology 3. Celebrity News 4. Business 5. Entrepreneurship
  • Social Media 2. Twitter 3. Usernames 4. Platform Account 5. Social Media Trends
  • Sparta Activist Fund 2. Dr Martens 3. Stake increase 4. Share price slump 5. Sparta Activist Fund's strategy
  • Sports
  • Sports 2. Business 3. Legal 4. Tottenham Hotspur FC 5. Insider Trading
  • Spotify
  • Start-Up
  • Summit
  • Surge in Passenger Numbers
  • Taxation policies 2. Historical trends 3. Alcohol duties 4. Other duties 5. Evolution of duty rates
  • Taylor Swift
  • Tech Industry News 2. Social Media Updates 3. Corporate Investigations 4. Compliance and Rule Violations 5. Elon Musk Updates
  • Tech Industry Rivalry 2. Social Media Impact 3. CEO Public Feuds 4. Ethical Responsibility 5. Celebrity Incidents
  • Technology 2. Artificial Intelligence 3. Business 4. Finance 5. Microsoft
  • Technology Titans 2. Business Rivalry 3. Celebrity Showdown 4. Battle of the Innovators 5. Epic Venue
  • tourism
  • Train Strikes 2. Affected Rail Services 3. Complete Schedule 4. Train Disruptions 5. Transport Disruptions
  • Transportation
  • Transportation 2. Rail services 3. Train drivers 4. Overtime ban 5. Passenger inconvenience
  • Transportation industry 2. Ride-hailing services 3. Company financials 4. Business achievements 5. Profitability
  • Travel
  • Treasury 2. Control of Appointment 3. Watchdog Complaints 4. Czar 5. Government Oversight
  • UK Economy 2. Modest Growth 3. 0.2% 4. ONS Figures 5. UK Economic Performance
  • UK Retail
  • Uncategorized
  • Unilever
  • Unlawful 'De-Banking'
  • US interest rates 2. Economy 3. Finances 4. Surge 5. Impact
  • User Numbers
  • Virgin
  • Vue CEO 2. UK cinemas 3. Challenges 4. Barbenheimer Box Office Triumph 5. Despite
  • WANdisco
  • Water companies
  • Wilko
  • Wilko's Collapse 2. Threat to UK Retail Sector 3. Potential Job Losses 4. Wilko's Impact on Economy 5. Retail Industry Crisis
  • Wilko's Rescue Deal Hopes Dim 2. Administration Looms 3. What's Next for the Retailer 4. Retail Industry 5. Financial Troubles
  • Work

BROWSE BY TOPICS

Abrdn Adidas Bank of England Banks Ben Bernanke British Gas Business Co-op Bank Coutts Dame Alison Rose Debt prevention Debt relief Elon Musk Energy regulator Eurozone Government GPT-4 Healthcare Interest rates Investigation Kwasi Kwarteng Limited Edition Lloyds Lloyds Bank Looting Meta Microsoft MPs Report NatWest NatWest CEO Nigel Farage Retail outlets Shell Spurs Telegraph THG Tottenham Hotspur Train strikes Twitter UK economy US economy Vue Vue CEO Wilko Wizz Air

POPULAR NEWS

    4Press

    4press.biz is a business news website that covers the latest trends and developments in various industries and markets. You can find press releases from leading companies and organizations, as well as insightful articles and analysis from experts and journalists.

    Follow us on social media:

    Recent News

    • Sam Bankman-Fried: Controversial ‘crypto king’ jailed in dramatic fashion as bail is revoked
    • Mark Zuckerberg Urges to Leave Behind the Elon Musk Cage Fight Controversy
    • “Top Takeaway Pint Rules to Keep Following Cancellation of Proposed Ban”

    Category

    Recent News

    Sam Bankman-Fried: Controversial ‘crypto king’ jailed in dramatic fashion as bail is revoked

    Sam Bankman-Fried: Controversial ‘crypto king’ jailed in dramatic fashion as bail is revoked

    August 14, 2023
    Mark Zuckerberg Urges to Leave Behind the Elon Musk Cage Fight Controversy

    Mark Zuckerberg Urges to Leave Behind the Elon Musk Cage Fight Controversy

    August 13, 2023
    • About
    • Advertise
    • Careers
    • Contact

    © 2023 4press

    No Result
    View All Result
    • Home
    • Politics
    • News
    • Business
    • Culture
    • National
    • Sports
    • Lifestyle
    • Travel
    • Opinion

    © 2023 4press

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In