Reading Buses has announced it's cutting up to 33 jobs, due to a reduction in passengers caused by the coronavirus outbreak.
The redundancies are in various roles, but no drivers are currently affected.
It is also freezing recruitment and new vehicle investment, after customer numbers fell to lower than 10% of normal during lockdown.
The company says the changes will protect its long-term future, suggesting people will not return to their old routines of using public transport after the pandemic.
Robert Williams, Reading Buses’ Chief Executive Officer (CEO), said: “With hugely reduced customer numbers and changes to the way we operate, it has been a difficult period to get through.
“Our fantastic team have worked incredibly hard to ensure we could continue to run a service for key workers from the outset, but also that we could scale up later for everyone else, as leisure and tourism centres began to open up.
“However, the industry as a whole is suffering.
"Once the pandemic is over and things return to ‘normal’ we expect that some people will continue in their current pattern of using other modes of transport, working from home and internet shopping – all of which will see an ongoing reduction in both customer numbers and revenue.
“If we continue to operate with the same costs whilst waiting for customers to return, it will result in the company no longer being economically sustainable".