UK altnet Zzoomm reportedly axes half of its workforce

Oxford-based FTTH provider Zzoomm has become the latest UK altnet to feel the pinch of inflation.
The Telegraph reported on Monday that the company has axed 300 employees, equal to 50% of its workforce. According to the paper, Zzoomm has decided to save money by outsourcing its fibre deployment. As such, the redundancies will affect its construction team, including engineers and related office roles.
The development shows how rising costs and interest rates are making life tough for smaller prov