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Cloudfm Restructure

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Corporate | Published 29/05/2020

Cloudfm have embarked on a major re-structure of the business in preparation to lead the move to a more advanced FM Industry as the UK comes out of lockdown.

The COVID-19 pandemic has created a huge appetite for Technology to be applied to the challenges of operating facilities. In response, Cloudfm has greatly accelerated its existing programme of new Technology offerings, encompassing Artificial Intelligence, Machine Learning, Augmented-reality tools and our own manufactured and patented hardware.

This accelerated programme has created a major boost to the automation of existing processes. The Re-Imagined Cloudfm will now be able to offer occupiers facility management services at a greater scale and at a faster rate than ever before. New processes will take the delivery of a positive Customer experience to a new level through rapid dis-intermediation and simplified access to service.

Since March 15th 2020, Cloudfm has continued to support its entire Client base through these unprecedented times and has welcomed new clients on board. Despite revenue being severely affected by the temporary pressures on some of our Clients, we have continued to flow cash to our Supply Chain on a regular basis. But we must now rely on our re-engineered processes to support a substantial reduction in the number of people employed directly by Cloudfm. Consultation 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.”

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