Foster + Partners, one of the leading firm of architects in the UK, is to lay off hundreds of its employees in the wake of the downturn in the global property development market.

Lord Norman Foster’s award-winning partnership, which has been responsible for such buildings as the Swiss Re’s Gherkin tower in the City of London, told staff that “a number of individuals” had been selected for redundancy.

It is thought that more than 300 staff could be affected out of a 1,300 workforce, although the company declined to comment on exact numbers. The scale of the cuts came as a shock to staff, given that as recently as October Lord Foster had stated that the company would make no staff cuts.

Financial Times