Wavenet Confirms UK Job Cuts Expected After Daisy Merger

Broadband, communications and managed service provider (MSP) Wavenet has indicated to ISPreview that they’re expecting to make some redundancies as part of their merger with Daisy Corporate Services (here), which aims to create the UK’s “largest independent IT managed service provider”. But the figure should be “substantially less” than 400.

The merger was officially announced in May 2024 and aims to create a £500m revenue company that supports over 22,000 business and public sector organisations, not least by delivering various cloud, cybersecurity and connectivity solutions.

However, sources recently told ISPreview that the merger was allegedly also going to result in several hundred redundancies from employees within DCS, although Wavenet has stressed that they are yet to determine the exact numbers who may soon find themselves out of work.

Philip Grannum, CEO Wavenet, told ISPreview:

“As we integrate Wavenet and Daisy Corporate Services (DCS), part of this process has identified where we have duplication of roles. We do anticipate an element of restructuring within some areas of the business which may impact Wavenet and DCS employees. With reference to the source cited by ISPreview.co.uk suggesting 400+ DCS only employees, we are yet to determine the numbers, but can confirm it will be substantially less. During this transition, we will fully support any colleagues who are affected.”

The news will naturally be distressing to those impacted, particularly as it will occur right before Christmas.