Future ditches 140 UK jobs
Publisher behind PC Gamer magazine and Daily Games Radar sheds more staff
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."