The telecoms company, owned by the multimillionaire Tory donor and British-Sri Lankan businessman Allirajah Subaskaran, sells pay-as-you-go sim cards popular with low-paid workers wanting to make cheap phone calls overseas.
On Friday, staff at Lycamobile's headquarters in the City of London were told that the company was facing "pretty serious challenges" and was planning to cut up to 316 jobs, leaving as few as 48 in the UK.
This story is from the December 17, 2024 edition of The Guardian.
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This story is from the December 17, 2024 edition of The Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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