Hyperoptic Puts 10% of Roles at Risk in Pre-Christmas Cuts
Broadband provider Hyperoptic has told staff that around one in ten roles across the UK and Serbia could go, in a fresh round of redundancies just before Christmas. The company confirmed the move to ISPreview on Thursday 12 November, after completing a review of its strategy for 2027.
The cuts are proposals rather than final decisions, and Hyperoptic said it would consult staff on how any impact could be avoided or reduced. It has not said how the total would split between the UK and Serbia, or given a final number.
Build phase ends as focus shifts to customers
Hyperoptic said its network now reaches more than two million premises and its build phase is largely complete. For 2027 it plans to concentrate on growing its customer base, raising take-up on the network it has already built, its new-build market work, and selling services over the Openreach network. Engineering and wayleaves work will fall as construction slows, and teams in Serbia will be simplified and brought closer to the UK operation.
The company’s latest accounts show revenue up 22% to £139 million, with adjusted earnings of £69.4 million, but losses widened to £172.24 million. Average monthly staff numbers fell to 1,492, from 1,724 the year before. Hyperoptic also said it had extended £98 million of debt maturities due in November 2026 and was on track for about £110 million of annualised earnings this financial year.
Chief executive Dana Tobak said the strategy did not depend on a merger or takeover, and the focus was now on making the most of the network already built. Hyperoptic has cut jobs before: fewer than 5% of staff were affected in December 2025, and around 110 roles went in June 2023 as the build programme slowed.
