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 $10.0 million to $10.5 million affecting various geographies and functions; certain smaller offices both inside and outside the United States (approximately 8% of its employees).
- Type
- restructuring
- Charge
- approximately $10.0 million to $10.5 million
- Affected area
- various geographies and functions; certain smaller offices both inside and outside the United States
- Headcount
- approximately 8% of its employees
Exact text from the filing
On February 9, 2026, the Company announced a reduction in its workforce of approximately 8% of its employees across various geographies and functions. Notification to affected persons commenced December 15, 2025 and is expected to be completed by July 31, 2026. The Company expects to incur pre-tax expenses of approximately $10.0 million to $10.5 million in the fourth quarter of 2025 and the first three quarters of 2026 related principally to cash severance and related benefit costs for terminated employees. The Company also plans to close certain of its smaller offices both inside and outside the United States. The Company anticipates total costs for this action to be approximately $0.4 million, consisting primarily of non-cash lease impairment costs. In addition, the Company expects to incur approximately $3.0 million for contract termination costs.
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