Cloudfm Restructures Business Due To COVID-19 Challenges

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08 June 2020 | Updated 11 June 2020

Cloudfm has embarked on a major re-structure of their business, including several job losses.

In an official news release on their website, the facilities management and technical solutions company said it was preparing itself to “lead the move to a more advanced FM industry as the UK comes out of lockdown.”

The business provides services to brands in the retail, food and leisure sectors, both in the UK and in Europe.

“The decision to restructure the business has been extremely tough but these changes are necessary and will best prepare Cloudfm to adapt to the new reality, as we continue to support our clients and develop our technology solutions.”

–Jeff Dewing

CEO, Cloudfm 

Adapting To The New Reality

With revenue severely impacted by the coronavirus pandemic, Cloudfm is now looking to substantially reduce the number of employees and consultations with employee representatives and with individual colleagues has begun

Jeff Dewing, CEO of Cloudfm said: “No business could have anticipated the scale and impact of Covid-19 and its economic consequences. The decision to restructure the business has been extremely tough but these changes are necessary and will best prepare Cloudfm to adapt to the new reality, as we continue to support our clients and develop our technology solutions.

“It is with great sadness that the restructure will have an impact on so many of our colleagues, and their families. Our number one focus will be to work tirelessly in the first instance to help those colleagues find new roles as fast as possible.”

Accelerated Technology Offering

The COVID-19 pandemic has created a huge appetite for technology to be applied to the challenges of operating facilities. In response, Cloudfm says it has “greatly accelerated its existing programme of new technology offerings”, encompassing machine learning and augmented-reality tools.

Cloudfm says it will now be able to offer occupiers facility management services at a greater scale and at a faster rate than ever before.

Picture: A photograph of a person wearing a Cloudfm branded jacket

Article written by Ella Tansley | Published 08 June 2020

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