Telecom has no formal plans to cut staff despite the economic recession and a drop in its half-year profit.
Telecom announced on 13 February that its profit in the six months to December fell by 59% to $162 million from $397 in the same period the year before.
New Zealand's largest listed company blamed tougher competition and asset writedowns for the fall, but still expects to make between $460 million and $500 million in the full year.
Telecom employs more than 8,000 people and its chief executive, Paul Reynolds, says the company has a responsibility to try to cut costs where it can.
However, Telecom says there are no formal plans to cut staff.
But it says keeping control of costs is important and staff numbers will swing around in relation to the needs of the business.
