Greenfield Online Announces North American Rightsizing Initiative
Wednesday December 14, 4:05 pm ET
Company Projects Approximately $7.0 Million in Annual Cost Savings
Company will Record Restructuring Charges in the Fourth Quarter of 2005 and the First Half of 2006
Positions Company for Future Investment in Key Operational Areas
WILTON, Conn., Dec. 14 /PRNewswire-FirstCall/ -- Greenfield Online, Inc (Nasdaq: SRVY - News), a leading provider of Internet survey solutions to marketing research and consulting companies, today announced a major rightsizing initiative. As a result of this initiative, the company estimates approximately $7.0 million of projected annual operating cost savings as compared with the company's third quarter 2005 annualized operating expense run rate.