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NEWS17 January 2013

BrainJuicer cut 9% of staff after profit warning

Financials UK

UK — BrainJuicer cut 9% of its workforce in the latter part of 2012 after warning of a sharp downturn in revenues in the final two months of the year.

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.

@RESEARCH LIVE

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