Forrester to cut 30 jobs ahead of 2013 slowdown
2012 revenue was $292.9m. The company is forecasting 2013 revenue to be in the region of $290m–$298m.
CEO George Colony said a poor sales performance last year would “manifest itself in dampened revenue growth in 2013”.
“We are aggressively taking action to correct what we believe were specific, one-time issues,” Colony said. “A seasoned sales executive is instilling better process management and more discipline on the selling organisation, which should result in improved productivity as we move through the year.”
As for the 30-or-so planned job cuts, Colony said: “We are restructuring other parts of the company to streamline some support functions and get our costs more in line with projected revenue in 2013.”
Net income for 2012 was $26m, compared with $23m a year ago.
We hope you enjoyed this article.
Research Live is published by MRS.
The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.
Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.
For example, there's an archive of winning case studies from over a decade of MRS Awards.
Find out more about the benefits of joining MRS here.
0 Comments