Between 800 to 2,000 jobs are set to be cut, even if the company revenues increased by 3.9 per cent to £2.6bn ($3.3bn) in the year to April.

The telco is a product of a merger between Virgin Media and O2 completed in 2021. The combined units, comprised of mobile, broadband, TV, and home phone services, serve over 47 million customers nationwide.

A Virgin Media spokesperson said: "As part of our continued transformation and integration as a business, we’re consulting with some of our people on proposed changes. We’re working closely with employee representative groups and will continue to support all of our employees through this process. As we are still in the consulting phase, and no decisions have been made, we have no further details to share at this stage."

If the company does cut jobs, it will become the latest in a long line of UK-based broadband providers to do so.

BT recently announced plans to cut 55,000 jobs by the end of the decade, with many expected to be repurposed through AI, while Vodafone plans to cut 11,000 jobs worldwide.