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It is understood that this practice resulted in the layoffs of approximately 15% of employees, with some leaving the company voluntarily.
Shuttleworth said in a statement that the job cuts would help stabilize the business in the coming months after a difficult financial period.
He told the AJ: “This is a tumultuous time for our industry, with geopolitics having a significant impact on the world economy. This has led to some changes to our approach to ensure stability over the coming months, including a number of voluntary redundancies. “
While it’s unclear how many employees have left, the company last reported headcount in late 2022, when it said it had 160 employees across its offices in London, Hong Kong, Sydney and Shanghai. All four offices remain operational.
According to the ARB register, the practice employs 68 qualified architects, although the practice has not applied for entry into the AJ100 since 2021, when it reported 65 architects on its books.
The latest accounts show the practice’s total revenue increased by 2% in 2022, from £18.8m at the end of 2021 to £19.2m in the following 12 months. However, pre-tax profits plummeted from nearly £75,000 in 2021 to £39,000 in 2022. By comparison, Make reported a pre-tax profit of £450,000 in 2020.
The job cuts come despite the approval of the controversial South Bank scheme last month. The project was given the go-ahead by Communities Secretary Michael Gove after a years-long planning saga cast doubt on the project.
Last August, the AJ reported that Make’s plans for Birmingham’s 5th Century Square were thrown into doubt after the government scrapped plans to occupy 5th Century Square.
The company said in its 2022 accounts that it “recruited for projects that were already won before stalling” and that wages accounted for 70% of the company’s expenses that year.
Other companies that cut jobs last year include AHMM and Arup.
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