Seeking Alpha

Model N slashes headcount, plans to hire R&D and sales employees

  • Model N (MODN -0.9%) culls an unspecified number of its workforce, primarily in professional services, with the intention to hire R&D and sales/marketing employees in a realignment. (8-K)
  • The move comes after the struggling revenue management software maker guided to much slower-than-expected revenue growth earlier this month.
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