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Virgin Media O2 to Cut Thousands of Jobs Amid £22 Billion Debt

Telecommunications giant Virgin Media O2 is planning to eliminate thousands of jobs as part of a sweeping cost-reduction strategy. The workforce reductions come in response to mounting investor concerns over the company's £22 billion debt burden.

Referenced News Coverage (2 sources)

Virgin Media O2 to axe thousands of jobs as it cuts costs to battle £22billion debt (Daily Mail)
Virgin Media O2 to axe thousands of jobs in sweeping shake-up (Sky News)