FORRESTER RESEARCH, INC. 8-K
Research Summary
AI-generated summary
Forrester Research Announces ~8% Workforce Reduction, ~$13.4M Charges
What Happened
- Forrester Research, Inc. filed a Form 8-K on February 9, 2026 (Item 2.05) announcing a reduction in force of approximately 8% of its employees across geographies and functions. Notification to affected employees began December 15, 2025 and is expected to be completed by July 31, 2026. The company expects to record related pre-tax charges primarily in Q4 2025 and the first three quarters of 2026.
Key Details
- Expected severance and related benefit costs: approximately $10.0 million to $10.5 million (pre-tax).
- Office closures and lease impacts: about $0.4 million, primarily non-cash lease impairment costs.
- Contract termination costs: approximately $3.0 million.
- Actions announced include closing certain smaller offices inside and outside the U.S.; statements are forward-looking and subject to change.
Why It Matters
- These actions will generate one-time charges (about $13.4M–$13.9M total) that can reduce near-term reported earnings.
- The reductions and office closures may lower ongoing operating expenses going forward, but the filing notes actual costs and timing could change.
- Investors should watch Forrester’s upcoming quarterly reports for how these charges are recorded and for any guidance on future cost savings or impacts to revenue and operations.