Boston Communications Group Inc., which makes billing software for the wireless phone industry, said Tuesday it plans to eliminate 93 jobs to cut costs in anticipation of lower revenue from its largest customer.
The company said most of the affected workers are at the company's headquarters in Bedford, Mass., and will be let go over the next several weeks.
"This was a very difficult decision," said Paul Tobin, the company's acting president and chief executive officer in a prepared statement, "but it was an essential one given our current business environment."
The company said it expects to take a one-time $2 million charge to account for the layoffs, which amount to 21 percent of the firm's worldwide workforce and 30 percent of its U.S. employment.
Published April 11, 2007 by the Boston Business Journal
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