Home
 » ISP News » 
Sponsored Links

Wavenet Confirms UK Job Cuts Expected After Daisy Merger

Friday, Nov 1st, 2024 (12:01 am) - Score 1,120
business broadband internet

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.

Advertisement

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.

Share with Twitter
Share with Linkedin
Share with Facebook
Share with Reddit
Share with Pinterest
Tags:
Mark-Jackson
By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on X (Twitter), Mastodon, Facebook, BlueSky, Threads.net and .
Search ISP News
Search ISP Listings
Search ISP Reviews

Leave a Reply

Your email address will not be published. Required fields are marked *

NOTE: Your comment may not appear instantly (it may take several hours) due to static caching or random moderation checks by the anti-spam system.
Javascript must be enabled to post (most browsers do this automatically)

Privacy Notice: Please note that news comments are anonymous, which means that we do NOT require you to enter any real personal details to post a message. By clicking to submit a post you agree to storing your comment content, display name, IP, email and / or website details in our database, for as long as the post remains live.

Only the submitted name and comment will be displayed in public, while the rest will be kept private (we will never share this outside of ISPreview, regardless of whether the data is real or fake). This comment system uses submitted IP, email and website address data to spot abuse and spammers. All data is transferred via an encrypted (https secure) session.

NOTE 1: Sometimes your comment might not appear immediately due to site cache (this is cleared every few hours) or it may be caught by automated moderation / anti-spam.

NOTE 2: Comments that break our rules, spam, troll or post via known fake IP/proxy servers may be blocked or removed.
Cheap BIG ISPs for 100Mbps+
Community Fibre UK ISP Logo
150Mbps
Gift: None
Virgin Media UK ISP Logo
Virgin Media £22.99
132Mbps
Gift: None
Vodafone UK ISP Logo
Vodafone £24.00 - 26.00
150Mbps
Gift: None
NOW UK ISP Logo
NOW £24.00
100Mbps
Gift: None
Plusnet UK ISP Logo
Plusnet £25.99
145Mbps
Gift: £50 Reward Card
Large Availability | View All
Cheapest ISPs for 100Mbps+
Gigaclear UK ISP Logo
Gigaclear £17.00
200Mbps
Gift: None
Community Fibre UK ISP Logo
150Mbps
Gift: None
Virgin Media UK ISP Logo
Virgin Media £22.99
132Mbps
Gift: None
Hey! Broadband UK ISP Logo
150Mbps
Gift: None
Youfibre UK ISP Logo
Youfibre £23.99
150Mbps
Gift: None
Large Availability | View All
The Top 15 Category Tags
  1. FTTP (6024)
  2. BT (3638)
  3. Politics (2720)
  4. Business (2439)
  5. Openreach (2405)
  6. Building Digital UK (2330)
  7. Mobile Broadband (2143)
  8. FTTC (2083)
  9. Statistics (1899)
  10. 4G (1813)
  11. Virgin Media (1762)
  12. Ofcom Regulation (1582)
  13. Fibre Optic (1467)
  14. Wireless Internet (1462)
  15. 5G (1404)
Promotion
Sponsored

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact
Mastodon