Virgin Media O2 plans thousands of job cuts and will halt further full-fiber network investment to target £800 million in cost savings by 2029. The changes follow several quarters of falling revenue at the UK's second-largest telecoms provider.
The company said it will reduce a third of its labor costs through redundancies that reportedly equate to roughly 30 percent of total people costs over the next two years.
A low-cost upgrade to its existing hybrid fiber-coaxial network will instead deliver 2 Gbps services to most cable customers in 2027.
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Auroch Digital, the Bristol studio behind Boltgun 2, said it has begun a redundancy consultation affecting around a quarter of roles as it restructures. It is owned by Roundtable Interactive. Support for Boltgun 2 and Warhammer Survivors (launching Nov 10) will continue. It gave no headcount.
Flock Safety plans to cut about 270 jobs, or 18% of staff, after a voluntary buyout program, Reuters reported, citing people familiar with the plans. Flock told The Hill the program was voluntary and not a layoff. The license-plate camera maker faces growing privacy pushback.
SpaceX has agreed to acquire Grain Management's nationwide 800 MHz spectrum portfolio, which it says will pave the way for Starlink Mobile to become a major US mobile carrier. The deal needs FCC approval, and financial terms were not disclosed.
Supermassive Games is said to have dismissed over 70 employees after an August redundancy consultation that anticipated as many as 75 cuts. Insider Gaming reports the reductions hit developers, artists, producers and senior management.
Uber is laying off around 3,000 employees, about 10 percent of its roughly 34,000-person workforce, while requiring nearly all staff to return to offices in a bid to simplify decision-making and redirect savings into growth areas such as autonomous vehicles.
