SageCircle has received credible intelligence that In-Stat (digital communications market research) initiated a job action resulting in nine analysts being laid off. We will continue to provide updates as we learn new information.
- Update – 2/6/09 6:10 am – Initial post. Sent request for confirmation to In-Stat’s press contact
- Update – 2/6/09 10:17 am – Official statement from In-Stat
Official Statement from In-Stat
Sent: Friday, February 06, 2009 10:09 AM
Subject: RE: Official statement about In-Stat analyst layoffs
In response to your inquiry, here is our corporate statement :
On Monday, January 26, 2009, Reed Business Information reduced its workforce by 7% in response to the impact tough economic conditions are having on its business. In addition, salary increases and hiring were frozen for the year.
If the financial outlook materially improves in subsequent quarters, the company will revisit its decision.
Manager, Corporate Communications
Reed Business Information-US
- Van Dussen, Bryan
[…] In-Stat (February 2009) […]
There were further analyst layoffs in April 2009. Analyst and staff reductions now total more than 25% compared with 1/1/09. Business group took the biggest hit, wireless almost gone as well.
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