Virgin Media, the U.K. based cable TV provider, has announced that the company will be laying off 2,200 employees. These jobs makes 15% of the total workforce. Most of these job cuts are expected to occur in the last quarter of next year.
According to Virgin Media’s CEO, Neil Berkett:
These changes are critical to ensuring Virgin Media is positioned to compete effectively and deliver on our customers’ changing expectations. Over the coming weeks and months, we will be developing more detailed proposals for their implementation.
1 Trackback or Pingback for this entry:
[...] firms would brave the current crisis through but to their surprise they too have taken the hit and everyone from giant to dwarves have resorted to cutting down expenses. The report commented on search ads: [...]