FORRESTER RESEARCH, INC. (FORR): restructuring charge — Forrester cuts 6% of workforce; expects $5.2M-$5.6M in severance costs

FORRESTER RESEARCH, INC.

Workforce reduction of ~6% across geographies and functions; one smaller US office closing.
Expected pre-tax expenses of $5.2M-$5.6M in Q4 2024 and H1 2025 for cash severance and benefits.
Notifications began Dec 2, 2024; expected completion by Jan 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

FORRESTER RESEARCH, INC. announced a restructuring with charges of approximately $5.2 million to $5.6 million affecting various geographies and functions (approximately 6% of its employees).

Type: restructuring
Charge: approximately $5.2 million to $5.6 million
Affected area: various geographies and functions
Headcount: approximately 6% of its employees

Exact text from the filing

be completed by January 31, 2025. The Company also plans to close one of its smaller offices in the United States. The Company expects to incur pre-tax expenses of approximately $5.2 million to $5.6 million in the fourth quarter of 2024 and the first half of 2025 related principally to cash severance and related benefit costs for terminated employees. Forward Looking

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18 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

FORRESTER RESEARCH, INC. filing history →

Source: SEC EDGAR

accession 0000950170-25-003818

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