Telecommunications giant Virgin Media O2 is preparing to reduce its workforce by several thousand roles, aiming to streamline operations and decrease expenditures. While precise figures are unconfirmed, the cuts are anticipated to affect a substantial portion of the company's staff.
Despite an overhaul of skilled worker visa regulations set for July 2025, which primarily target graduate-level roles with a minimum salary of £41,700, the UK government has confirmed that certain sectors, including car washes and vape shops, will remain eligible to sponsor foreign workers. This carve-out for roles such as 'car wash attendant' and 'vapour shop manager' appears to contradict the stated aim of tightening immigration controls.
Long-serving SpaceX engineer Andre Lavoie has begun liquidating his shares, citing the private company's ballooning valuation and his personal financial planning.
