Virgin Media O2 to cut jobs, halt fibre rollout in UK

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 03 Nov, 10:54 UTC

Of this, the company expects to deliver cost savings at an annual run rate of around £400 million in 2027. "Approximately £300 million of the 2029 run-rate saving is expected to come from a reduction in the size of the workforce, which equates to roughly 30% of the company’s total people costs over…