MR softco SPSS to cut workforce by 10%
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US-- Research and analytics software supplier SPSS is to cut 10% of its workforce before the end of the year in a bid to stay one step ahead of the global economic downturn.
Despite reporting solid growth for the third quarter, with revenue rising 4% to $74.9m and operating income up 3% to $12.8m, finance chief Raymond Panza said the company was taking action “to ensure continued solid operating margins and profitability”.
Looking ahead, CEO Jack Noonan said the company – like all others – was facing up to “an absolute unknown”.
“The worst thing you can do within an organisation is continue to trickle a reduction or cost-cutting out,” he said. “You get it over with, get it done and move forward. It'd be great if we cut too far and had to hire tomorrow, but I don't see that on the horizon.”
SPSS employs more than 1,200 employees globally. Its software includes the flagship statistical package SPSS – now into its 17th version – and the Dimensions data collection suite.
Author: Brian Tarran
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