Systems developer Atex is looking to retrench 180 staff worldwide as part of restructuring under new chief executive Gary Stokes.
The company says the job cuts will help it strengthen its core business and focus on new market opportunities for its digital media solutions.
Staff have been told of the plans and formal consultation will get underway “soon”, a statement says.
An operational review and refinancing of the business began after the arrival of a new leadership team led by Stokes in July.
“When the new leadership joined Atex, we knew that this company has a major opportunity to help our media-rich industries maximise the full potential of their digital strategies,” he says. “To achieve this, we need to reshape our company, operate in those markets and locations that provide us with the best returns and offer the greatest opportunity, and create new ways of working.”
Stokes says it is “regrettable” that some employees will have to leave but says “these steps are essential to allow us to become more agile and innovative to both meet and exceed our clients changing needs”.
It is apparently too early to gauge what that means for the Australian development team which has been key to local sales since the days of Bernie Grinberg's Cybergraphic. In terms of numbers, the detail is "still early stages".
Progress of EidosMedia's Méthode CMS – which added a comprehensive News Limited order to its Fairfax FRG foothold this year – will not have helped.