Change Recruitment has been folded into a slimmed down Taranata Group under a restructuring that will see 11 staff made redundant.
The Change Recruitment and Change Digital brands will continue but all the remaining staff will transfer into the new business.
Chief executive Mark McFall and staff from the International and administrative functions have been made redundant.
Martin Ewart, chief executive of Taranata Group, said: “We are taking steps to strengthen our structure, bringing together teams, reducing duplication and focusing on areas where we can grow.”
Virtuoso, the recruitment managed services business, is the fastest-growing part of the group.
The move comes eight years after Change’s assets were sold to venture capitalist Paul Atkinson’s Head Group on the same day it went into administration.
Change became part of the Head Group after appointing FRP Advisory as administrators in May 2017.
The transaction was revealed by Daily Business and at the time, Mr Atkinson said the newly-enlarged company would become one of Scotland’s biggest private companies with a £60 million turnover. All 140 staff were retained.
Change, which traces its roots to 1970, was previously owned by NBG Private Equity who had been touting the business for sale for several months.
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