Feeds

Future ditches 140 UK jobs

Wants to save £8.5m a year

  • alert
  • submit to reddit

Boost IT visibility and business value

Bath-based Internet and computer magazine publisher - the Future Network plc - has axed 140 jobs from its UK operation in a bloody Friday-the-thirteenth cull.

The losses are understood to come from across Future's operation in a bid to help save the company around £8.5 million a year.

Centralised support staff and workers in Future's Internet division and magazine titles have been hardest hit in the cull, although no specific details have emerged yet.

A spokeswoman for the company said none of the company's titles would shut as a result of today's action.

Earlier in the year Future closed 20 loss-making titles in the first phase of restructuring and shed some 350 jobs.

In a statement, Future's COO, Colin Morrison, said: "This restructuring and decentralisation plan simplifies our business, and will improve our focus, agility and control."

Future today announced the completion of the sale of its title Business 2.0 to eCompany Now Inc, a wholly owned subsidiary of AOL Time Warner Inc, for £48.8 million ($68 million). ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.