ATG Tags 12 Percent in Layoffs
Provider of Java-based CRM software solutions institutes cost-cutting measuresArt Technology Group (ATG), developers of The ATG Dynamo® e-Business Platform -- a product that helps businesses understand, manage, and build their online customer relationships -- will layoff approximately 150 employees in an effort to reduce costs.
The company hopes that the cost-saving measures, which also include real estate consolidation and reductions in salaries and consultant contracts, will be enough to counteract the effects of the current economic environment.
"While we are taking aggressive measures to control expenses in this economic climate, it is essential to note that the company remains on very solid footing from a technological, operational and financial perspective," stated Jeet Singh, ATG's chief executive officer. "We have been careful in our selection of expense reductions to maintain these strengths and continue to invest in ATG's future growth to maintain and improve our market position. In this regard, we anticipate further strategic hires in sales and marketing, as well as research and development to capitalize on ATG's current and long-term market opportunities."
These forward-thinking plans are reflected on the company's Web site that states they are " ... hiring professionals in IT, sales, engineering, design, marketing and more. Positions are now open in over a dozen offices around the globe." In a phone call, Singh remarked that the workforce has undergone restructure and some employees that could have been let go were moved into open positions instead.