Xansa has announced it is to cut another 100 jobs after issuing a warning on its full-year profits. The job cuts are in addition to the 250 redundancies announced in January.
Commenting on the announcement, Hilary Cropper, Executive Chairman of Xansa, said:
‘At the time of our interim results in January, we told the market that our Business Change unit would breakeven this financial year and that sadly there would be 250 redundancies. Unfortunately, the market for discretionary spend by our clients has tightened further since then. So we are likely to have to make a further 100 redundancies and have chosen to issue this market update, indicating that we expect profits to be at the low end of market expectations.’