Liberty Global Slashes Jobs, Targeting Corporate-Level Staff

Liberty Global Ltd. is looking to eliminate hundreds of jobs as part of a new restructuring program, people familiar with the matter said.

The cuts will come in two rounds. Employees were offered voluntary buyouts on July 21. A second round, if needed, will be not be voluntary, said the people who asked to not be identified because the reductions haven’t been made public. About 800 employees qualify for the buyouts, one of the people said. The cuts will impact the company’s core corporate staff of about 1,900.