MCV is reporting that Future Publishing are to lose around a hundred staff as pressures on the stumbling print market grow.[drop2]The news comes from an internal memo to staff from Future’s UK CEO, Mark Wood, which was subsequently leaked to the trade website. A hundred people represents a tenth of the thousand employees, although just now Future are asking for voluntary redundancies.
After that, says MCV, “roles will be removed via a consultancy period.”
Future Publishing have a decent portfolio of magazines, including favourite of the site, Edge magazine, and several ‘official’ console monthlies.
Whilst the memo talks about “reviewing the future of some titles” it’s thought that the company’s online presence is sound.
Our best wishes go out to anyone affected.