Welcome | Sign In
LinuxInsider.com
News

Xpedior Falls on Job Cuts, Retrenchment

Xpedior Falls on Job Cuts, Retrenchment

The job cuts will affect consultants, as well as administrative and support staff, Xpedior said.

Xpedior, Inc. (Nasdaq: XPDR) fell 7/32 to 1/2 Tuesday after the Internet consulting company said it will close some unprofitable offices, cutting about 380 jobs.

The Chicago, Illinois-based consultant said it will focus on such key markets as retail and distribution, telecommunications, and financial services, a move designed to emphasize its strengths in business integration and technology Discover Proven Strategies to Improve the Security of Your Products. Free Whitepaper. consulting services.

The job cuts will affect consultants, as well as administrative and support staff, the company said. Charges for the layoffs and for other costs, including goodwill related to prior acquisitions, will be recorded in the fourth quarter.

Chief financial officer Thomas Werner said the company is not providing guidance "at this time" regarding its financial outlook for the fourth quarter or the year.

"Our goal is to be cash flow and EBITDA positive," Werner said. In order to do that, he noted, the company must maintain a 70 percent utilization rate, improve gross margins, and slash selling, general and administrative expenses.

"After closely assessing our market, we are refocusing on our traditional strengths in developing e-business and technology integration Learn how 3D interactive characters fundamentally change the way users interact with a site. solutions," said chief operating officer J. Vincent Verna.

"The focus will be on integrating e-business Get Whitepaper: Simple Strategies for Enhancing eCommerce Profitability technologies with traditional platforms," Verna added. "Our exceptional skill sets in these areas, combined with our growing expertise in wireless, voice and mobile applications, give us distinct competitive advantages in this new market environment."

Continued Verna, "The past four months have seen the entire market sector scale back significantly. However, we believe the demand for e-business solutions applications will strengthen."


Print Version E-Mail Article Reprints More by Nora Macaluso


Network Monitoring Software - OpManager
One tool to manage your complete IT
ECT News Network Information
Reader Services
Corporate
ECT News Network