All staff at one of Bath's biggest employers have been told their jobs could be at risk as part of a root and branch restructure at the firm.
More than 500 people have been given letters saying their jobs could be lost at publishing giant Future as the company's new boss attempts to get its finances in order.
The blanket notices have been issued to help the company review every role in its workforce.
Chief executive Zillah Byng-Maddick, who took up the role on April 1, sent an email staff on May 1 to tell them that the company was consulting with all 750 of its UK staff about redundancies - more than 500 are based at its Bath headquarters.
Future has said that until the 45-day consultation is over it cannot confirm how many jobs are likely to go. The process formally started on Wednesday.
In the email to staff Ms Byng-Maddick said: "Future's business model isn't working hard enough. This isn't sustainable in the medium term and needs to change."
Although Future has made significant changes to its business in recent years, like its new focus on digital publishing and the reduction of its global headcount by 550 since 2006, the group issued a profit warning in March, saying profits for the year to September would be "significantly" below forecasts of £9 million.
It is expected that the restructure will be root and branch and no part of the business will be unaffected.
Ms Byng-Maddick said Future will no longer be structured around content types like technology but instead a single content and marketing team will produce all content. The company's management board is also being reorganised.
Two simultaneous consultations are now taking place at the media group. The first is focused on strategy and the second is looking at structure and job roles.
In the email to staff Ms Byng-Maddick said Future's structure had become too "complicated and inward-looking".
Future's half-year financial results for the six months to March 31 will be published on May 29.
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