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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.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
