In mid-December, Razorfish executives came under heavy fire from analysts after missing expectations by as much as 24 cents a share and reporting that only 35 percent to 40 percent of the company's consultants were working for paying customers during the quarter. At the time, Razorfish CEO Jeff Dachis pledged not to lay off any staffers. The drums are beating. Employees were told that in order to determine their future, the company would look at demand for their skills, rather than past performance. Also during the meetings, a consultant said, office leaders explained that the firm would move to a more traditional model of staffing, by assigning consultants to projects that draw on their previous work experience in specific industries.
Some Razorfish employees view the layoffs as necessary.
There are a lot of people that got hired and felt that they were entitled to an easy job at Razorfish. Privacy Policy Stock data provided by Stockpoint and its data suppliers.