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Wilson Sonsini Goodrich & Rosati has become the latest US firm to announce it is making layoffs, with job cuts totalling 113 employees.
As revealed on US legal blog AbovetheLaw.com today, the firm has culled 45 lawyers and 68 support staff due to the economic downturn.
An internal memo sent firm wide, chief executive officer, John Roos, said: “Throughout the past year, we have applied cost-cutting measures and taken other steps in an effort to mitigate the effects of the downturn. Unfortunately, as the general economic environment has worsened, it has become clear that prudent management of our business requires that we take further action.”
Members of Wilson Sonsini management will be meeting with employees today and tomorrow to inform them of action taken.
Roos said: “Given the prolonged economic uncertainty, we must continue to be extremely diligent in managing our business, whilst still rewarding strong contributions and performance.”