Net software firm Quarterdeck jettisoned several UK-based managers last week and chopped its worldwide workforce by 40 per cent in a desperate bid to return to profit.
In the UK, European marketing director Caroline Edney, European channel marketing manager Linda Joynes, enterprise marketing manager Paul Ellis and president of Europe Jaap Van Weezendonk, were all forced to leave.
More UK job cuts will occur in the accounting department which is being centralised to Ireland.
Sales director Martin Pickering, who survived the cull, will be director of the newly merged sales and marketing group. He said: 'Previously, we had two separate directors for sales and marketing which reported their own profit and loss accounts. Each had their own goals.
'Now, the marketing team's accountability will rest with the body of the company rather than before, where they spent their time designing brochures or whatever. We now have a headcount which can cater for the volume of business we do.'
Quarterdeck is bracing itself for a significant restructuring charge to Q4 results, due to worldwide cuts, and is expecting a net loss for the year ended 30 September. It has decided to fund restructuring through a $20 million convertible-preferred stock offering.
The moves were announced by Quarterdeck co-presidents King Lee and Anatoly Tikhman. Lee said: 'Our team is implementing plans to quickly restore Quarterdeck's strength while strategically positioning the firm for renewed growth under the leadership of a permanent CEO.'
The firm stated the restructure was achieved by eliminating redundant positions resulting from its recent acquisitions.
The 10-strong UK sales and marketing team, which is the head office for Europe, is in the process of moving from Chelmsford to the M4 corridor.
Quarterdeck is developing products that will include intelligent agents and integrate future products with technologies such as Active X.
MSP plans to use new acquisition to expand its security offerings
Reseller also saw its operating profit fall five per cent in its financial 2017
Wendy Bahr to bring 18-year spell at networking giant to an end
AdEPT says latest purchase will push revenue beyond £50m