Parent company Pearson announced late last year it was to cut staff numbers at the Financial Times by 14%, aiming to trim numbers from 1,050 to 900.
Olivier Fleurot, managing director of the FT, said: "We are in the midst of the deepest business advertising recession for more than two decades. This means managing our costs tightly, and focusing our resources where we see our best revenue opportunities."
The supplement was launched in October 1999 by editor Julia Cuthbertson. It is to be closed at the end of July, with staff on the magazine to be placed in positions throughout the FT.
Andrew Gower, editor of the FT, said: "Our intention is to re-examine magazine ideas as soon as the market allows."
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