The Stage has begun redundancy consultations with staff as a result of the Covid-19 crisis.
In a statement, it said the pandemic and ensuing lockdown had had a “devastating effect on our industry”.
“A high proportion of The Stage’s revenue is generated from recruitment advertising, which vanished overnight with the shutdown of theatres,” it said.
“The Stage is an independently owned family business and our small team achieves a huge amount. This is not the course of action anyone wanted or could have predicted. We have now spoken to the team members affected and are beginning to consult with them.”
The Stage’s management team added it would survive this crisis “with the support of theatre people everywhere”.
“If you are in a position to help ensure we can continue to fight for what matters in our industry, please support us by subscribing. Our sincere thanks to all those who already have,” the statement said.
The Stage is the latest industry organistion to face job losses as the impact of the pandemic hits. Theatres already forced to make cuts include the Royal Exchange in Manchester and Theatre Royal Plymouth.