SageCircle has received credible reports that on September 1, 2009, IDC CEO Kirk Campbell sent an email to all US-based analysts about changes to the compensation plan. Salaries and the bonus pool were cut 5%. In addition, the bonus plan for next fiscal year was significantly changed.
SageCircle clients have already received a SageFlash with additional detail about the news, analysis of the implications, and recommendations. In addition, Advisory clients were encouraged to schedule inquiries to discuss how to apply the recommendations in the SageFlash to their specific situation.
Bottom Line: While Forrester and Gartner both reported reduced earnings and revenues for 1H 2009, IDC’s actions implies more serious economic pain. These pay cuts come after IDC has also experienced three rounds of layoffs in little over one year: May 2008, December 2008 and April 2009. Vendors and clients should closely monitor IDC and the state of the analyst team.
Question: AR – Have any of your IDC analysts relayed information to you about the pay cuts?