Current Analysis experiences layoffs

Logo - Current Analysis - v 2SageCircle has received credible intelligence that Current Analysis has  initiated a job action resulting in analyst lay offs. We will continue to provide updates as we learn new information.
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  • Update: 9/3/09 5:56 am PT -Initial post. Sent request for confirmation to Current Analysis’ press office 
  • Update: 9/3/09 6:14 am PT – Initial analyst added to list
  • Update: 9/3/09 6:51 am PT – Official statement from Current Analysis posted
  • Of course, layoffs impact real people with families and obligations. Often AR people are genuinely friendly with the analysts they work with and this sort of news can be a shock. Unfortunately for AR professionals, analyst firm layoffs also raise important issues that need to be addressed ASAP no matter how much sympathy they feel for the analysts caught in the layoffs.

    Related reports and observations

    To be added

    Current Analysis  Official Statement

    From: Spinelli, Natalie
    Sent: Thursday, September 03, 2009 6:46 AM

    We did make some changes to the structure of our services and we are creating some new services, but NO services or coverage areas were eliminated. Details of the new organization, service Continue reading

    SageCircle AR Podcast for July 21, 2009

    SageCircle AR Podcast ArtworkThe AR podcast is a review of the latest news and trends in the analyst ecosystem along with tips and tricks for analyst relations professionals and analyst research consumers. SageCircle strategists Dave Eckert and Carter Lusher co-host this bi-weekly program. You can find all the SageCircle podcasts on our podcast page.

    Click here to listen to the podcast on your computer or visit the podcast page to download the MP3 file.  Click here to subscribe to the podcast within iTunes

    SCP 5: Table of contents. Numbers in parentheses refer to minutes:seconds when the article starts within the podcast.

    (00:00)  Introduction

    (00:00)  Opening

    (01:09)  News – TowerGroup layoffs

    Tom Ryan, Analyst Strategy Group

    Tom Ryan, Analyst Strategy Group

    (04:50)  Measurement – Mentions as a key metric

    (06:12)  Measurement – Question from Coffee Talk on Performance Metrics – special guest Tom Ryan of Analyst Strategy Group (ASG) answers “How can we measure success when we do not have any historical data?” See below for ASG contact information.

    (12:34)  Social media – The role of AR team handles for Twitter

    (16:34)  Change management as a key component for initiatives like social media and AR management application deployment

    (20:46)  Upcoming events

    (20:58)  End credits

    Analyst Strategy GroupAnalyst Strategy Group  www.go2asg.com  Contact: Rob Kolokousis, 408-737-2320, “rob [at] analyststrategy [dot] com”

    Our goals for the AR Community Podcast are two-fold. The first goal is to provide an additional venue for SageCircle research that complements our existing deliverables, whether free (e.g., SageCircle blog) or client only (e.g., the Online SageContent Library, the largest and premier repository of AR best practices and downloadable tools available in the industry). The second goal is to develop real-world podcasting skills so when our clients are considering their own podcasts we have the experience (and scar tissue) to help them start podcasting without having to re-invent the wheel.

    TowerGroup is rightsizing for a changed landscape

    Logo - TowerGroupThe fact that the financial services industry is changing is on the front pages of news sites and newspapers every day. Banks being closed down by regulators or acquired by other banks are shrinking the market. Other financial institutions are slamming their checkbooks shut as they try to conserve capital. This turmoil is obviously impacting technology vendors that sell software, hardware, and outsourcing to banks, insurance companies, and other financial firms. In addition to the tech vendors, this changed landscape also impacts analyst firms, especially those that focus on the financial services vertical.

    A case in point is illustrated by our post TowerGroup experiences layoffs. TowerGroup specializes in the financial services vertical market so it is not surprising the market turmoil would impact it. To get the details behind the job action, SageCircle was briefed on July 14th by Bob Egan, TowerGroup’s Global Head of Research & Chief Analyst (Twitter, bio). 

    TowerGroup invested heavily in the mid-2000’s to support the rapidly growing financial services market and the tech vendors that sell into that market. This worked out well with 30% annual growth in 2006 and 2007. Even when growth tapered off in 2008 and 2009, TowerGroup was doing “ok.” However, Egan said that the anticipation of an extended recovery and a shrunken set of companies meant that TowerGroup needed to proactively rightsize its operations to reflect the changing realities of the market rather than hang onto the existing strategy too long and be forced to make more drastic cuts later.

    The July layoffs were based on what research services were the most relevant to Continue reading

    TowerGroup experiences layoffs

    Logo - TowerGroupSageCircle has received credible intelligence that TowerGroup has  initiated a job action resulting in analyst lay offs. We will continue to provide updates as we learn new information.

     

  • Update: 7/9/09 9:07 am PT -Initial post. Sent request for confirmation to TowerGroup’s press office
  • Update: 7/9/09 9:28 am PT – Spoke with TowerGroup’s PR agency and they are checking with Tower about the SageCircle request
  • Update: 7/9/09 10:01 am PT – First analyst confirmation. Added to list below.
  • Update: 7/9/09 11:01 am PT – Another analyst added to list
  • Update: 7/9/09 11:32 am PT – Two analysts added to list
  • Update: 7/9/09 12:12 pm PT – One analyst added to list
  • Update: 7/9/09 1:50 pm PT – two analysts added to list
  • Update: 7/13/09 9:37 am PT – one analyst added to list
  • Update:7/13/09 9:46 am PT – report that entire European operation closed, except one analyst
  • Update: 7/13/09 2:27 pm PT – response from Tower about Euro cuts 
  • Of course, layoffs impact real people with families and obligations. Often AR people are genuinely friendly with the analysts they work with and this sort of news can be a shock. Unfortunately for AR professionals, analyst firm layoffs also raise important issues that need to be addressed ASAP no matter how much sympathy they feel for the analysts caught in the layoffs.

    Related reports and obsservations

    9/13/09 2:27 pm PT – from Bob Egan, TowerGroup head of research, via Twitter: “@carterlusher We remain very strong and committed to Europe with 3 in region analysts backed by an experienced team of global analysts.”

    9/13/09 9:54 am PT — How much of this reflects business issues with TowerGroup versus its owner, MasterCard? For instance, the last layoffs at IDC were mandated by across-the-board IDG cuts.

    9/13/09 9:46 am PT – Credible repot that entire European operation, both analysts and sales, were laid off with exception of one analyst left in London.

    TowerGroup Official Statement

    None at this time. Will be added should TowerGroup decide to issue a statement.

    Background

    For background on why some  Continue reading

    Listing of analyst firms who have laid off analysts in 2009

    This is a simple index of posts covering analyst layoffs at various firms. If you hear of job actions at analyst firms, please contact SageCircle at 503-636-1500 or “info [at] sagecircle [dot] com” with tips and insights.

    1. Aberdeen Group (January 2009)
    2. AMR Research (January 2009)
    3. Burton Group (January 2009)
    4. Current Analysis (September 2009)
    5. Enterprise Management Associates (May 2009)
    6. Forrester Research (February 2009)
    7. Gartner (January 2009)
    8. IDC (April 2009)
    9. In-Stat (February 2009)
    10. iSuppli (January 2009)
    11. The 451 Group (February 2009)
    12. TowerGroup (July 2009)
    13. Yankee Group (January 2009)

    Enterprise Management Associates (EMA) lays off analysts

    Logo - EMASageCircle has received credible intelligence, subsequently confirmed, that EMA has  initiated a job action resulting in analyst lay offs. We will continue to provide updates as we learn new information.

    • Update: 5/15/09 11:41 am PT – Sent request for confirmation to EMA’s press office
    • Update: 5/15/09 12:11 pm PT – Initial post and first confirmed names added name to analyst list
    • Update: 5/18.09 8:52 am PT – Official statement from EMA

    Of course, layoffs impact real people with families and obligations. Often AR people are genuinely friendly with the analysts they work with and this sort of news can be a shock. Unfortunately for AR professionals, analyst firm layoffs also raise important issues that need to be addressed ASAP no matter how much sympathy they feel for the analysts caught in the layoffs.

    Official Statement from EMA

    Received via email on Sunday, May 17, 2009:

    For several years, EMA™ has achieved strong growth, averaging 30% annually. The company has been proactive in growing the analyst team in anticipation of future demand. This has added significantly to EMA’s technical depth and overall industry outreach (particularly in advising IT organizations). However, the current economic conditions have slowed the firm’s rate of growth. As a result, EMA has taken actions to align its resources with the demand anticipated for 2009. Management came to the difficult decision to reduce the analyst staff by two positions and internal support staff by one position. These minor adjustments will ensure EMA remains financially healthy and positioned for long term growth.

    Rick Sturm, CEO and Founder

    Background

    In addition to the analysts, EMA’s marketing Continue reading

    IDC experiences layoffs – likely more than 20 analysts affected

    logo-idc.gifSageCircle has received credible intelligence that IDC has  initiated a job action resulting in analyst lay offs. We will continue to provide updates as we learn new information.

    • Update: 4/17/09 11:18 am PT -Initial post. Sent request for confirmation to IDC’s press office
    • Update: 4/17/09 11:22 am PT – First names added name to analyst list
    • Update: 4/17/09 11:54 am PT – Reports coming in that layoffs will be significant and include both analysts and backoffice personnel
    • Update 4/17/09 12:51 pm PT – Multiple reports that the layoffs will impact 80+ staff, of which 20+ are analysts
    • Update 4/17/09 1:26 pm PT – Name added to the analyst list
    • Update 4/17/09 2:01 pm PT – Name added to list; reports coming in that IDC is holding All-Hands meeting
    • Update 4/17/09 3:22 pm PT – Two names added to list
    • Update 4/20/09 5:03 am PT – Added IDC official statement
    • Update 4/20/09 7:04 am PT – Added name to list
    • Update 4/20/09 7:42 am PT – Added two names to list
    • Update 4/20/09 9:43 am PT – Added name
    • Update 4/20/09 11:50 am PT – Added four analyts to list
    • Update 4/20/09 12:42 pm PT – Added name
    • Update 4/20/09 1:30 pm PT — Added name
    • Update 4/20/09 4:00 pm PT — Added two names
    • Update 4/22/09 12:20 pm PT — Added three names
    • Update 4/23/09 8:19 am PT – Added one name
    • Update 4/28/09 1:57 pm PT – Added one name
    • Update 5/27/09 2:17 pm PT – Added two names

    Of course, layoffs impact real people with families and obligations. Often AR people are genuinely friendly with the analysts they work with and this sort of news can be a shock. Unfortunately for AR professionals, analyst firm layoffs also raise important issues that need to be addressed ASAP no matter how much sympathy they feel for the analysts caught in the layoffs.

    IDC Official Statement

    In an e-mail exchange with SageCircle, IDC Corporate Communications Director Michael Shirer released the following statement:
    - Due to the impact of the economic recession, IDC on April 17 reduced its U.S. staff by 82 employees, which represents 5% of IDC’s 1,650 employees worldwide.
    - 26 research analyst positions were included in the reduction in employees. This research analyst decrease represents Continue reading
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