WALTHAM, MA: Racepoint Group SVP Jackie Lustig confirmed a report by Mass High Tech that the agency is cutting 20% of its total staff of approximately 125.
Lustig described the cuts as being “across the board,” though the bulk of Racepoint's staff is in Massachusetts. Some of the firm's smaller offices, including Washington and London, are not affected.
“It's due to the global financial crisis,” Lustig said. “Our revenues are going to come in lower than anticipated and so we've ...