Exclusive: Consultant makes new round of redundancies, with a host of directors leaving
Davis Langdon has made a further round of redundancies among its directors and staff, a year on from making almost a fifth of its directors redundant.
A Davis Langdon spokesperson said the firm had “made the decision to slightly reduce staff numbers in a handful of UK offices where localised market conditions have resulted in a drop in workload”.
Industry sources told Building the firm - which was acquired by US consultant Aecom in 2010 - has made 19 directors and 40 staff redundant in the latest cull.
A string of senior figures have also departed Davis Langdon over the past three months, including former head of sports and venues Alan Willby to Mace, former longstanding partner Rob Knight to Gardiner & Theobald and former head of commercial Paul Allen, now on a career break.
The firm made 33 of its 175 directors redundant last autumn, which the then chief executive Jeremy Horner - who left in February - ascribed to the “state of the market”.
The latest round of redundancies came as Aecom reported a £36.9m loss for the year ending 30 September 2012, after a £200m writedown on the value of its European and management support services businesses.
The spokesperson said: “We continue to grow as a global business, focusing on regions such as Asia and Russia where there is potential for growth.”
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