"in line with Forecast revenue and profitability expectations.".
My friends, the door just opened for some grim news and poor future performance.
It's pretty hard for a consulting company to reduce staff without also reducing revenue generated through billable hours or decrease the volume of the sales pipeline. I wonder what type of staff they cut.... Billable staff or management?
What this should say is that PDT got rid of people to free up money to pay ting's wages. That would likely be closer to the truth.
"in line with Forecast revenue and profitability expectations."....
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