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Fifty Jobs to Go at Forrester
Forrester Research is to cut about 50 jobs across various functions and world regions. The layoffs, constituting about 5% of the firm's staff, follow a year of growth and leave the technology consultancy's headcount still 14% up versus 12 months ago.
The layoffs will incur pre-tax expenses of c.$2.5-3 million dollars in severance and other costs, in Q1 2009. Forrester expects to release its fourth-quarter and full-year 2008 financial results and hold its earnings call tomorrow, Wednesday February 11.
Chairman and CEO George F. Colony says the firm has 'made this difficult decision in response to challenging global economic conditions' adding: 'Forrester has lived through tough economic times before. We are confident that with our role-based strategy and our current offerings, we are well-poised to successfully deliver what our clients need today and in the long term.'
Web site: www.forrester.com .
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