Virgin Media O2 to axe thousands of jobs in sweeping shake-up

Virgin Media O2 is making a major restructuring that will result in thousands of job cuts, driven by a need to reduce costs and address investor worries about its £22bn debt. This move signals a significant shift in the company's strategy as it seeks to streamline operations and improve financial health. The shake-up could have ripple effects throughout the telecom industry, influencing how other companies manage their debt and workforce amid economic uncertainties.