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

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

<![CDATA[ <article> <ul><li><strong>Virgin Media O2 currently employs around 16,000 workers</strong></li><li><strong>However reports claim 25% could be set for redundancy</strong></li><li><strong>Non-customer-facing roles will likely be heaviest hit</strong></li></ul><p><a href="https://news.sky.com/story/virgin-media-o2-to-axe-thousands-of-jobs-in-sweeping-shake-up-13606062" target="_blank"><em>Sky News</em></a> 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.</p><p>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.</p><p>VMO2 looks to be one of the latest companies in a long list to be flattening its hierarchy, with changes to management reportedly underway.</p><h2 id="vmo2-job-cuts-look-to-be-around-the-corner">VMO2 job cuts look to be around the corner</h2><p>Crucially, <em>Sky News </em>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 <a href="https://www.ofcom.org.uk/phones-and-broadband/service-quality/latest-telecoms-and-pay-tv-complaints-revealed-q2-26" target="_blank">Ofcom</a>) 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).</p><p>An unnamed insider believes as many as 4,000 jobs could be at risk, representing 25% of VMO2's entire workforce.</p><p>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.</p><p>But VMO2's biggest issue is likely debt. Last quarter, it reported a total net debt equivalent to 5.89x annualized adjusted EBITDA.</p><p>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.</p><p><em>TechRadar Pro </em>has contacted VMO2 to confirm plans to lay off thousands, but we did not receive an immediate response.</p><figure class="van-image-figure pull-right inline-layout" data-bordeaux-image-check="" ><div class='image-full-width-wrapper'><div class='image-widthsetter' style="max-width:676px;"><p class="vanilla-image-block" style="padding-top:31.51%;"><img id="diM9tpwF2Lz85R8q85CT78" name="tr-g_news" alt="Google logo on a black background next to text reading 'Click to follow TechRadar'" src="https://cdn.mos.cms.futurecdn.net/diM9tpwF2Lz85R8q85CT78-1920-80.jpg" mos="" align="right" fullscreen="" width="676" height="213" attribution="" endorsement="" class="pull-rightinline" /></p></div></div></figure> </article> ]]>