Keyloop chief executive Tom Kilroy has insisted new owners Francisco Partners “don’t have a set philosophy of making a lot of change” as the business embarks on a wide-reaching restructure.
Following the announcement that former CDK International Stuart Miles would be leaving the rebranded and expanded business earlier this month, other departing employees have alleged that a restructure will result in staff cuts of 80% in certain UK departments.
One said Keyloop’s restructured business would see its number of UK-based support staff decline from 140 to 37.
Although Kilroy would not discuss the scale of redundancies being imposed by Keyloop in an interview with AM, he insisted those numbers were “not correct”, adding that the changes being made would ensure the business had the “right set-up for the next five years”.
“The UK is where we have our headquarters and that is not going to change”, Kilroy told AM.
He added: “I think the existing team and the business, as-was, have done a very good job of setting the company up well, but we’re making a decision to…
