Liberty Global, one of Europe’s largest cable and broadband players, has initiated a sweeping internal restructuring aimed at cutting operational costs by hundreds of millions of dollars. Sources close to the matter have indicated that the company has begun offering voluntary buyout packages to a significant portion of its corporate workforce.
The first wave of exits began this week, with roughly 800 employees eligible for separation under the current plan. Should voluntary exits fall short of targets, a second phase may follow. The cuts will primarily affect Liberty’s core corporate operations, which currently include around 1,900 staff.
This move comes as part of a broader efficiency drive led by the company, which forms a key part of John Malone’s sprawling media and telecom empire. Despite its scale across European markets, Liberty Global is facing mounting pressure to optimize resources amid shifting consumer habits, declining traditional cable subscriptions, and increasing competition from OTT streaming and fiber-native operators.
The restructuring underscores the company’s strategic pivot towards leaner operations, potentially freeing up capital for growth-oriented areas such as digital infrastructure, fixed-mobile convergence, and next-gen broadband technology.
While the job reductions haven’t yet been formally disclosed to the public, the internal process reflects a trend playing out across the global telecom and media landscape — large legacy providers are under pressure to do more with less, and adapt quickly to technological shifts and evolving customer demands.
As Liberty Global tightens its cost structure, industry watchers will be looking to see how these savings are redeployed — and whether the company can maintain strategic flexibility in an environment where content, connectivity, and convergence continue to blur.
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