Forrester Research Adopts Flex Workspace, Incurs $3.8M Impairment Charge

Forrester Research (FORR) has released an update to notify the public and investors about material impairments.

In a strategic move to adapt to changing business needs, a company has decided to shut down its office on Spear Street, San Francisco, and shift to a more flexible workspace model. This transition is expected to result in a non-cash asset impairment charge of around $3.8 million in the early part of 2024.

For further insights into FORR financials, check out TipRanks’ Financials page.

For a comprehensive understanding of the announcement, you can read the full document here.