Siegelgale cuts 23, CMO Departs
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New York-based Internet consultant Siegelgale continued the string of design and technology shops announcing reorganizations Tuesday, with news that it would cut posts from its New York office.
Twenty-three positions, or 7 percent of the workforce, are being eliminated, according to a company spokesperson who did not wish to be identified.
Among those leaving will be chief marketing officer Andrew Zolli, who the spokesperson said resigned to pursue "other interests."
The company said the cuts will primarily affect only the New York office, and employees in non-billable positions.
In February of this year, the venerable consulting, advertising and branding firm changed its name from Siegel & Gale in a rebranding effort designed to "reinforce its position as a dominant player in interactive media."
While many I-shops are pointing to a lack of desire in traditional firms to spend on technology or Web marketing, the 32-year-old firm lists several as clients, including AT&T, American Express and Eastman Kodak.
Nevertheless, the spokesperson added that the outlook remains optimistic inside the privately held company.
"This year we grew 40 percent, we're profitable, and we had positive cash flow."
Founder, chairman and chief executive Alan Siegel was traveling Tuesday evening and unavailable for immediate comment.