UK Internet service provider Hyperoptic is set to cut around five percent of its total workforce by the end of this year.

ISP Review reports that Hyperoptic confirmed plans to make the redundancies as part of “modest adjustments to our teams working on multi-unit residential buildings,” and as a result, there may be a few redundancies.

In total, around 70 jobs could be lost before Christmas.

At present, the company has around 400,000 active subscribers, while its full fiber network build-out has passed more than 1.9 million premises.

Founded in 2011, Hyperoptic’s network currently spans 64 towns and cities. The company aims to hit 500,000 customers and pass two million premises with its fiber.

The firm, which is backed by KKR, employs around 1,700 people in the UK and previously laid off five percent of its workforce back in 2023.

The redundancies are said to be influenced by Hyperoptic’s build strategy toward multi-unit residential properties (MDUs)

“As Hyperoptic matures, and with most of our planned build now complete, we are evolving our multi-unit residential build strategy. From early 2026, new activity will be guided by customer demand, helping us focus our investment where it can make the most meaningful difference,” said Hyperoptic in a statement to ISP Review.

“With these developments, we are proposing modest adjustments to our teams working on multi-unit residential buildings, with fewer than five per cent of employees affected.”

Last year, the company secured £150 million ($199m) from the UK Infrastructure Bank (UKIB) to further ramp up its full fiber network rollout.

The cuts come as Hyperoptic’s revenue increased by 22 percent to £114m ($151m) during the last financial year.