Virgin Media O2 to Lay Off up to 2,000 Employees Due to Job Cuts and Organizational Changes

The job cuts, which will amount to more than a tenth of the mobile operator's workforce, will reportedly include some organisational changes that had previously been revealed to staff.

The telecoms giant is currently consulting on proposals to simplify its operating model in order to better deliver for customers, which will see a reduction in some roles this year.

The announcement follows rival BT Group cutting 55,000 roles back in May.

BT Group chief executive, Jansen, told investors that he expected AI technology to 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.

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

Communication Workers Union assistant secretary Tracey Fussey said: "This news is causing a tremendous deal of anxiety among our membership, who are now feeling vulnerable about their jobs during an historic economic crisis." The CWU will do everything in its power to mitigate against the redundancies, and workers deserve clarity and security over their futures.

Virgin Media O2 dials up £100m bid for altnet rival Trooli It is also worth mentioning that Virgin Media O2 has made a £100m bid for altnet rival Trooli.

The company's chief executive, Philip Jansen, told investors that he expected AI technology to replace around 10,000 roles.