PracticePeople In PracticeJob losses expected at Adaytum

Job losses expected at Adaytum

Financial planning software provider Adaytum has told 18 of its UK administration and support staff they are likely to be made redundant.

The job losses, which are expected to be confirmed later this week, will come from its former headquarters in Bristol when the company shifts a number of tasks to its new HQ in Minneapolis.

All of the staff who have been informed of the companies decision – approximately half of the admin and support employees at the office – have been invited to apply for other vacancies within the company.

A final decision is expected to be announced tomorrow and follows warnings made to staff in individual meetings on 15 and 16 January.

Adaytum chief financial officer, Dan Mayleben, said: ‘We have over 50 vacanies at our London, Bristol and US offices and any staff involved in our redeployment of services have been invited to apply for suitable positions. However some people may choose to leave. But as a company we are growing hard and fast and driving towards profitability.’

The job losses followed the company closing its Denmark development office and relocating in York, while the number of development staff in the US has risen.

Mayleben also denied the company had imposed recruitment freeze during the last 12 months.

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