Christmas has been cancelled for staff at Logica, despite the company proudly announcing a 60 per cent rise in profits at the start of September. In an internal memo sent out today, the COO of Logica Mobile Networks Gerry McKenna lays out the company's extensive cost-cutting plans which includes the removal of all pay reviews, a ban on non-essential travel (and forget about business class) and worst of all, the cancellation of the company's Christmas party. This knock to staff morale comes on top of 250 job cuts at the end of September.