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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
