2degrees will lay off 120 staff as part of a wider cost-cutting drive to offset the decline in revenue brought on by the Covid-19 crisis.
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The country's third mobile player said it's working through a range of initiatives to strip out costs and plans to cut its 1,200-strong workforce by a tenth. It's seeking other savings by cutting its capital spending, putting off non-essential projects, imposing a hiring freeze, and renegotiating supplier rates and vendor costs.
"The harsh reality is that we must now take decisive action, reducing staff numbers or the hours worked for some roles," chief executive Mark Aue said in a statement.