Report – Future UK to lay off 100 staff

By Johnny Cullen
15 July 2011 14:19 GMT

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.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. Read our policy.

VG247 logo

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 merch