Burton Group announces job action

SageCircle has received from Burton Group CEO Jamie Lewis an email about a job action resulting in analyst layoffs. We will continue to provide updates as we learn new information

• Update 1 – 1/20/09 – Posted official statement
• Update 2 – 1/21/09 – Posted one analyst name to list
• Update 3 – 1/22/09 – Removed Pete Lindstrom from list of analysts – he had departed ahead of layoffs

Official Statement

“On Monday January 19, Burton Group took actions to ensure the ongoing financial health of its business given current economic conditions. Like every business, Burton Group must ensure that it spends within its means in 2009, preserving the significant resources the company has as it prepares for long-term growth. In short, these changes were minor adjustments to accommodate market conditions. Burton Group continues to be a profitable, debt-free, and growing business.

Specifically, the company had a reduction in force of 8 people, or 5% of its total workforce. Of these eight people, four were analysts, three were internal support staff, and one was a consultant. This reduction in force has no material effect on Burton Group’s ability to deliver on its current coverage areas, the levels of client service that our customers expect, or our ability to generate new business. In fact, the company plans to expand its topic coverage in 2009 to include cloud computing, and will continue rolling out new features for its research products.”

Jamie Lewis
CEO & Research Chair

List of Analysts

1. Lindstrom, Pete (reports are coming in he might be restarting Spire Security)

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