Fri, Jul 15, 2011 | 14:50 BST
Report – Future UK to lay off 100 staff
Up to at least 100 staff will be laid off at Future UK, according to an MCV report.
The news comes from an internal memo from Future UK CEO, Mark Wood.
The number amounts to ten percent of the 1,000-strong workforce inside the publication’s UK arm out of the 1,200 in its worldwide offices.
Future is inviting staff to partake in voluntary redundancy which after, jobs will be removed after a consultancy period.
It comes just hours after an interim management statement from the company, in which the US arm was making the switch to a digital model, and that UK circulation revenue on print magazines were down by three percent.
More at the link. All the sincere best to those potentially affected.