Hutchinson Networks Takes a Hard Hit: 94 of 109 Employees Made Redundant
Heads up, IT folks: the global computer‑support outfit Hutchinson Networks has handed the job to KPMG’s admin squad, and the result? An immediate mass lay‑off that hits the finances hard.
What’s the deal?
- 94 out of 109 staff members will be let go right now.
- The remaining 13 employees will stay on the payroll until a buyer steps in.
- Why? KPMG’s panel says the company couldn’t keep trading, despite “exhaustive actions of the directors” to boost sales and cut costs.
- There’s still a faint glimmer of hope: an ongoing sale of the business and its assets.
Spirits from the Board
Blair Nimmo of KPMG highlighted that Hutchinson Networks had been “a rising star in global IT network deployment.” He noted that the firm had heavily invested for growth and secured appealing contracts coming up in late 2019, yet even that wasn’t enough to keep it afloat.
In a candid statement, Nimmo ended with a treasure‑hunt vibe: “We’re exploring a sale of the business and assets and would encourage any interested parties to contact us as soon as possible.”
Why the Layoffs Matter
It’s not just a headline; it’s a reality check for small‑to‑medium‑size tech firms worldwide. Lessons to gather: niche markets, agile cost‑management, and diversifying revenue streams seem more than a buzzword now.
For those in the IT trenches, take a deep breath. The tech world still thrives—just a few bumps on the highway. Keep your dashboards runnin’ and your nerve box open. Stay tuned for updates, and hey, let’s keep this on the level of poking fun—not punchline.
