Fifty jobs go at Forrester amid ‘challenging' conditions

US-- Forrester Research has announced that it has slashed 50 jobs across various functions and locations worldwide.

The cuts represent 5% of the business and technology researcher's overall workforce, but the company said its research headcount is still 14% up on a year ago.

Chairman and CEO George Colony said in a statement: “We have made this difficult decision in response to challenging global economic conditions. 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.”

Forrester expects to incur expenses of $2.5m-$3m in severance payments and related costs. It is due to announce its full-year financial results for 2008 tomorrow.

Author: Robert Bain

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