The CIPD has axed 41 jobs as the recession hits right at the heart of the HR profession, Personnel Today can exclusively reveal.
The Chartered Institute of Personnel Development told affected staff this morning about the redundancies, which amount to about 12% of its total workforce.
The cuts will affect all departments at the institute’s head office in Wimbledon, a spokesman confirmed.
“Revenues are not as high as they would have been outside of the recession. Membership subscriptions have been frozen this year and we have to find operational efficiencies,” he added. “We will be better able to continue to put our members first.”
The spokesman insisted there were no plans for any further cuts.
According to its 2007-08 annual report, the CIPD boosted its income by more than 10% to reach £39.4m.
Members’ subs made up about 40% of the total, with turnover from the institute’s commercial activities, operated through its wholly owned subsidiary CIPD Enterprises, exceeding £20m for the first time.