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Job losses at One Communications

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One Communications on Church Street in Hamilton (File photograph)

American-owned One Communications, Bermuda’s dominant internet and cable provider, is shedding jobs, the company has confirmed.

Board changes have also been made to the privately held company, owned by Massachusetts-based ATN International Inc, the Nasdaq-listed provider of digital infrastructure and communications services.

While a source claimed that 12 Bermudian positions were recently made redundant, Onecomm said in a statement to The Royal Gazette that a “Voluntary Separation Programme” was offered to both Bermudians and non-Bermudians earlier this year, with acceptance reflecting the proportions within the company workforce.

It would mean that nine out of ten employees leaving their posts were local.

“We employ over 115 individuals, with well over 90 per cent being Bermudian,” the company said when approached about the downsizing.

A statement said: “One Communications is constantly evaluating the best strategies to navigate the rapidly evolving digital landscape.

“The dynamics of our industry are continuously shifting, driven by technological advancements, market changes and evolving customer behaviour.”

The employee downsizing, the company said, was designed to align the workforce with industry shifts and to position One Communications for long-term sustainability and market success.

Gary Phillips remains chair of the company and also chairs the company’s Advisory Committee.

The statement said: “As the company continues to evolve and adapt to changes in our way of working, efforts have been made to streamline the governance of the organisation to encourage more efficient and effective decision making by the board.

“Although we have reduced the number of directors on the board, our former board members remain valued and influential with all continuing to serve on the Advisory Committee.”

One Communications said it was fully committed to Bermuda and actively investing to remain ahead of technological innovation.

“Our efforts include the successful launch of 5G last year and the recent upgrade to our subsea infrastructure, both of which are designed to keep Bermuda seamlessly connected,” the company said.

Gary Phillips, chairman of One Communications (File photograph)
One Communications has reduced staff in the face of technological advancements, market changes and evolving customer behaviour

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Published May 30, 2024 at 8:00 am (Updated May 31, 2024 at 8:18 am)

Job losses at One Communications

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