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

|About: Model N (MODN)|By:, SA News Editor

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.