FinanceTechRadarabout 2 hours ago
Virgin Media O2 Plans Thousands of Job Cuts
2 min read
Virgin Media O2 plans to cut thousands of jobs, potentially 4,000, representing 25% of its 16,000 workers. Non-customer-facing roles face redundancy as the company seeks to reduce debt. This follows a 7.9% revenue drop and a net debt of 5.89x annualized adjusted EBITDA last quarter.
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