BrainJuicer cut 9% of staff after profit warning
The redundancies will save the firm £0.8m and formed part of its efforts to control costs following a 25% year-on-year decrease in revenue during November and December. In the 10 months prior, revenues were up 11% year-on-year.
Pre-tax profits for the year are expected to be down 46% to £1.5m.
Full results will be published on 21 March. Pictured is CEO John Kearon and CFO James Geddes.
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