Nominet to restructure, slash jobs after losing 'major deal'

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Nominet to restructure, slash jobs after losing 'major deal'
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Prices also set to rise after being frozen since 2020

Fletcher said he hopes the proposed reductions would be partially offset by redeployment but added that"our overall headcount will reduce."

In its profit and loss accounts for the year ended March 31, 2023, Nominet said the PDNS handled"over half a trillion DNS queries over the last year, growing 29 percent. This resulted in 11 billion DNS queries being blocked for 420,000 domains." "Market pressures are squeezing margins, and competitors are pricing keenly to secure business. The viability of this income stream in the longer term depends on us being able to offer a service at a lower price while still being profitable. We are currently evaluating options open to us and will keep members updated."

"However, the combination of flat revenues, inflation and need for ongoing investment to ensure services for members remain world class means prices cannot be held at the level set in January 2020 indefinitely."Ukraine war a sorting hat for cyber-governance loyalties: Black Hat founder Jeff MossThe Register

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