The release read: “Spotify and Archewell Audio have mutually agreed to part ways and are proud of the series we made together.” This announcement comes on the back of a statement from the royal couple and Netflix, explaining that 'Archetypes,' the podcast written and recorded by the couple, will not be renewed for a second season. ![]() Now, the American-based former actress will focus her attention on becoming a spokesperson for their work. In addition to donations, she often visited with organizers and completed numerous visits to their centres. Meghan started championing Smart Works in 2019, as a member of the royal family. You have limitless potential to create positive change, and there are countless women who will benefit from your support," Meghan's statement said. For those employees that do move on from Hyperoptic, we will ensure the support they receive reflects the great work they have delivered for this company."Know that for every moment you invest in being a Client Champion, you are investing in the future of women. “Where necessary for the customer-centric roles, we will provide support and training to help keep our people in Hyperoptic – building on their skills, experience and expertise. The company previously said it was aiming to reach 2m homes across the UK by the end of this year, although it is understood this target has now been pushed back to 2024.ĭana Tobak, founder and chief executive of Hyperoptic, said: “In support of our continued growth at Hyperoptic, we have refocused around 40 employees on customer-facing engineering roles, and are proposing to make around 110 redundancies in the UK as we increase our focus on areas that offer us the greatest customer reach. Hyperoptic was founded in 2010 and was valued at £500m following the investment from KKR in 2019. While some of those jobs will be replaced by artificial intelligence, the majority will be caused by a reduction in engineers as the full-fibre rollout comes to an end and old copper networks are shut down. The dwindling demand for engineers echoes looming cuts at BT, which is planning to reduce its workforce by 55,000 by the end of the decade. It is also putting greater emphasis on reaching new-build homes, having originally specialised in blocks of flats. The company is redeploying around 40 engineers from its network build team into the division that connects customers to the internet. Hyperoptic said its funding was secure and that the cuts had not been driven by KKR or by any economic challenges. Kent-based alt net company Trooli was snapped up earlier this year by French infrastructure firm Vauban in a reported £100m deal. ![]() ![]() The funding crisis is expected to spark a wave of consolidation. Smaller rival Zzoomm last month unveiled plans to lay off hundreds of engineers.Ĭhallenger broadband firms are grappling with soaring borrowing and build costs, as well as a faster-than-expected rollout from incumbent BT. In February, Cityfibre said it would cut up to 400 jobs – around a fifth of its workforce – in a bid to cut costs. The job cuts are the latest to hit so-called “alt net” broadband providers, which are fighting for survival in the race to deliver full-fibre internet connections across the UK. Hyperoptic is also removing a layer of management from its infrastructure division in a bid to speed up the build process. ![]() The cuts, which represent around 6pc of the company’s 2,000-strong workforce, are concentrated in Scotland and the north west of England, where its network rollout is almost complete. Hyperoptic, which is backed by private equity giant KKR, has told staff it is making the redundancies as it shifts focus from rolling out its network to connecting customers. BT rival Hyperoptic is laying off more than 100 engineers in the latest round of cuts to hit the broadband sector.
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