The company also stated that reduction in salaries and consultant contracts will be coming. While the company has facilities throughout North America, Europe, Asia and Australia, most of the workforce reduction will come from its headquarters here. The Massachusetts office houses about half of the company's 1,200 employees.
First quarter financial results will be announced in two weeks but the company has already stated that it expected a net loss of 22 cents per share to 19 cents per share. This compares with a net loss of one cent per share in the first quarter of last year.
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