Reed Smith to lay off UK staff after 115 US cuts
Reed Smith has kicked off a redundancy consultation that could see 11 associates and seven staff members cut from the firm's UK offices, after the firm laid off 115 members of staff in the US. The firm is performing the statutorily required redundancy consultations in London, a move it said was prompted because of "overcapacity." The US layoffs will affect staff in all support areas, including IT, marketing, finance, practice administration, knowledge management, human resources and office services. Reed Smith global managing partner Gregory Jordan said: "The decision to take these actions was difficult, but we believe it is the prudent thing to do for our business over the longer term. Our recent experience and our projections dictate that we must plan for reduced demand for our services in 2009 and align our capacity accordingly."
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