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Relay News · Nov 3, 2026

💻 Telecoms · 🇬🇧 Virgin Media O2 to cut thousands of UK jobs and scale back fibre rollout British telecommunications company Virgin Media O2 announced on Tuesday plans to eliminate thousands of roles from its 16,000-strong workforce in the United Kingdom as part of a wide-ranging corporate restructuring. The telecommunications provider, which is jointly owned by Liberty Global and Telefonica, stated that the overhaul is designed to deliver substantial annual cost savings by 2029. Central to the restructuring plan is a targeted reduction in workforce labour costs of around 30%. Alongside the staffing reductions, Virgin Media O2 intends to significantly expand its deployment of artificial intelligence technologies across its operations, with a particular focus on customer service functions. In addition to workforce changes and technological integration, the company plans to either halt or scale back the rollout of its fibre network across the United Kingdom. The sweeping cost-cutting measures come as the telecommunications operator navigates fierce competition within the British market. By streamlining its operations, curbing capital expenditure on network expansion, and lowering personnel expenses, the company aims to strengthen its financial position and reduce its substantial accumulated debt pile over the coming years. 📰 Sources: BBC, France 24, The Guardian and other outlets ✓ Verified News · confirmed by several independent sources https://www.bbc.co.uk/news/articles/c6rry8x9d9qko #UK #LibertyGlobal #Telefonica #بريطانيا #ليبرتي_غلوبال #تليفونيكا