The news according to City Media  comes hot on the heels that Qinetiq with 325 jobs gone, will meet its blood letting quota with a further 391 jobs in August according to the Telegraph.

Cutbacks to photonics projects being implemented by QinetiQ will have a devastating impact on the country's expertise in optics, and hurt the wider economy in the long-term, say some critics of the company's restructuring plans.

QinetiQ will disproportionately shed its senior scientists: more than half of its "Senior Fellows" are expected to be laid off, along with a quarter of its "Junior Fellows". When contacted by Optics.org,  QinetiQ went some way to confirming this, saying: "The employees at risk are principally in management roles where we are removing duplication."

But the technology business should look on the silver lining bright side, in that some 700 hot shot technology personnel are out there. Smart head hunters will be discovering who was pushed, and who picked up their tents to walk away, taking with them invaluable information, years of contacts, teamwork, expertise and all now available to the smarter, brighter, SME.

Time to get business networking.