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Spark profit falls, another 600 staff culled, CEO scores $900k in bonuses

Spark’s reported net profit rose 91.9% to $499m on asset sales, but adjusted profit fell.

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Spark profit falls, another 600 staff culled, CEO scores $900k in bonuses

Spark cut 627 staff (15% reduction) while maintaining profit guidance; CEO Jolie Hodson received $859k bonus. Trend signal: telcos automating roles with AI as primary margin defense—a cost-optimization blueprint now spreading to legacy enterprise sectors, reshaping skill demand and team structures.

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rnz.co.nz2 g fa

Spark profit boost on one-offs, amid review of non-core businesses

Spark divides connectivity and digital divisions, reviewing non-core cloud/IT for shareholder value; adjusted profit dropped 0.9% to $225M as mobile revenue rose 4.4%. The move signals incumbents are unbundling IT services from core networks, altering enterprise vendor strategies.

Timeline cronologica

mercoledì 19 agosto 2026·nzherald.co.nz
Spark profit falls, another 600 staff culled, CEO scores $900k in bonuses
Spark’s reported net profit rose 91.9% to $499m on asset sales, but adjusted profit fell.
giovedì 20 agosto 2026·rnz.co.nz
Spark profit boost on one-offs, amid review of non-core businesses
Telecommunications company Spark's full-year profit has jumped 91 percent to $499 million, due largely to one-off gains related to the sale of data-centre assets.

Spark profit falls, another 600 staff culled, CEO scores $900k in bonuses

Spark profit boost on one-offs, amid review of non-core businesses

Timeline cronologica

Spark profit falls, another 600 staff culled, CEO scores $900k in bonuses

Spark profit boost on one-offs, amid review of non-core businesses

Spark boss defends bonus, brushes aside departure talk as shares jump