Forrester Research Initiates Workforce Reduction to Cut Costs

Forrester Research (FORR) has released an update to notify the public and investors about termination and asset disposition expenses.

In an effort to streamline operations, a company has begun the process of cutting its workforce by about 3%, impacting employees in various locations and roles. This reduction started with notifications in late December 2023 and will conclude by the end of February 2024. The downsizing is anticipated to cost the company between $3.5 and $3.9 million due to severance and associated benefits for those being let go.

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.