Virgin Media O2 reportedly set to cut thousands of jobs in a bid to save costs

Date:
Mon, 02 Nov 2026 09:54:59 +0000

Description:
Virgin Media O2 could be set to lay off 4,000 of its 16,000 workers amid
plans to tackle company debt.

FULL STORY ======================================================================Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Virgin Media O2 currently employs around 16,000 workers However reports claim 25% could be set for redundancy Non-customer-facing roles will likely be heaviest hit Sky News has reported that Virgin Media O2 (VMO2) plans to cut an unconfirmed number of jobs understood to be in the thousands amid ongoing cost reduction efforts and a bid to get a grip on company debt.

Though the number of workers said to be impacted is not yet known, the
company currently employs around 16,000 workers, so 'thousands' would represent a significant chunk of its workforce. VMO2 looks to be one of the latest companies in a long list to be flattening its hierarchy, with changes to management reportedly underway. Latest Videos From TechRadar Watch full video here: VMO2 job cuts look to be around the corner Crucially, Sky News reports that non-customer-facing roles will likely be heaviest hit. The
firm's customer services typically perform well, it seems, with Virgin Media reporting the fewest number of complaints compared with competitors (via
Ofcom ) on the broadband front. Though O2 sits somewhere toward the top on
the mobile front, beating only Sky Mobile (which also uses the O2 network).

An unnamed insider believes as many as 4,000 jobs could be at risk, representing 25% of VMO2's entire workforce. You may like Could Virgin Mobile and O2 Broadband be back from the dead? Reports claim VMO2 plan resurrection of defunct brands Oracle lays off undisclosed number of employees in restructuring, but hiring continues for AI and data center roles Barclays to cut 5,000 jobs while handing work over to AI Chief Executive says AI is 'icing on the cake'

It's believed that the company could share precise numbers and details as
part of its Q3 earning call on November 3. Overall company revenue dropped 7.9% last quarter.

But VMO2's biggest issue is likely debt. Last quarter, it reported a total
net debt equivalent to 5.89x annualized adjusted EBITDA. Are you a pro? Subscribe to our newsletter Sign up to the TechRadar Pro newsletter to get
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But VMO2 isn't the only telecoms giant adjusting its workforce in response to financial pressures VodafoneThree also confirmed plans to cut 1,200 jobs in July 2026, though these were Europe-wide.

TechRadar Pro has contacted VMO2 to confirm plans to lay off thousands, but we did not receive an immediate response. Follow TechRadar on Google News and add us as a preferred source to get our expert news, reviews, and opinion in your feeds.



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Link to news story: https://www.techradar.com/pro/virgin-media-o2-reportedly-set-to-cut-thousands- of-jobs-in-a-bid-to-save-costs


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