UBM Tech to cut 'under 10%' of U.S. workforce
UBM Tech, a business-to-business information provider whose U.S. locations include Manhasset, said Tuesday it would lay off "under ten percent" of its 800-member nationwide workforce.
A spokeswoman at the privately held company's headquarters in San Francisco declined to disclose the number of employees now in Manhasset at an operation formerly known as CMP Technology, or to disclose the numbers of layoffs there or nationally. She said a majority of the 800 employees now employed nationwide are in San Francisco.
The layoffs are part of a company reorganization that aims to de-emphasize print products.
"Traditional B-to-B media has changed dramatically in recent years," chief executive Paul Miller said in a statement. "A lot of what worked in the past is no longer viable."
UBM Tech is a part of the British company UBM PLC.
The parent company's website says it has 6,500 employees worldwide and that it "enables professional people in more than 40 countries around the world to connect and engage with each other, with the markets they serve and with the information they need to succeed . . . at live events, through digital media or in publications."
UBM Tech has been de-emphasizing print publications for years.
What was then CMP said in June of 2007 that it had let go 200 employees from a staff of 500 in Manhasset as it folded some of its publications into others and reduced the frequency that it printed some of its magazines.