Japanese tech giant Fujitsu has announced to axe 1,200 jobs in the UK, roughly around 10 percent of its UK workforce, as plunging sales due to the ongoing economic recession has taken a big bite off from its revenues.
The company, which lost a massive £190 million in revenues across the globe in last quarter, notified that as many as 1,200 jobs in its various sites across the Britain and Ireland region would be stripped as a result of a rationalisation programme that the company has kicked off ‘reluctantly’.
The tech firm further notified that those afflicted by this harsh move would include back office workforce, along with the workers performing functions of engineers, such as maintaining servers. The proposed job cuts are said to be completed by the end of this year.
Announcing the move, the company said in a statement, “Fujitsu has proposed this measure reluctantly. However, action is necessary to ensure that the company remains competitive in the current difficult global economic climate”.
Fujitsu has a workforce of 12,500 people in the UK, with its major sites in London, Stevenage, and Manchester Bracknell. However, the company has no manufacturing units in the UK, where it offers a range of IT services, including supplying computers to private as well as public sector organisations, maintaining them, and even offering the necessary tech support.
Even if the first green shoots appear to be growing, we are still in the midst of a devastating recession that has taken its toll on the UK employment landscape. Sadly, this is unlikely to be the last job losses we've seen in the country in the field of technology.