Floform's directors had blamed the difficulties on cuts to the firm's order book, which they said had resulted in "significant cash-flow difficulties".
Flybe claim that management will be taking the biggest hit in this round of redundancies, with 20% cuts being taken at boardroom level, and all executive directors forfeiting a month's pay.
Theatre Uncut was born in 2011 when artistic directors Emma Callander and Hannah Price asked a number of local writers for short plays in response to government spending cuts.