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| Steven Gunby |
FTI Consulting CEO Steven Gunby has cut about 330 people from the firm’s 8,300-member payroll following a lackluster second-half performance at the company.
That four percent staff alignment resulted in an $8.2M special charge for Q4, and an estimated $17M charge for the current quarter.
The cutbacks began in October and continued into the new year.
FTI posted a 3.2 percent decline in Q4 revenues to $894.9M, largely due to a fall-off in the corporate financial & restructuring and technology segments. Net income plummeted 39 percent to $49.7M.
Despite continued headwinds in 2025, Gunby remains “confident in the powerful multiyear growth trajectory that we are on.”
The firm says there are no future planned job reductions, and that it will continue to invest in high-demand areas, such as crisis, cybersecurity, financial communications, M&A and activism.
On the strategic communications front, FTI posted flat Q4 revenues of $86.6M and a 15 percent drop in operating income to $12.5M.
The unit reported a lower demand for corporate reputation services but an upswing in its financial communications offerings.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
Public Policy Holding Company today priced its initial public offering at $12.25 per share. The sale of 4,150,000 shares raised $50.8M in gross proceeds.
Public Policy Holding Company reports that 4Q '25 revenues surged 27.8 percent to $49.9M. Organic growth rose 5.4 percent.
WPP tops the Financial Times’ list of the biggest stock market losers for 2025. The share price of the owner of Burson and Ogilvy has plummeted 60 percent so far this year.
FTI Consulting handles media for Modivcare Inc., the Denver-based provider of non-emergency healthcare services. as a Texas federal bankruptcy court confirms its Chapter 11 restructuring plan.
