van Eyk Research has made staff cuts across its research, product, IT and sales teams.
van Eyk Research chief executive Mark Thomas, said the cuts were the result of a restructuring of the business in response to changing market conditions.
Thomas said the recent loss of the Count Financial and Westpac accounts did not prompt the decision to cut jobs.
“This process has been ongoing for the past year as we seek to introduce more experienced people across our teams while maintaining a prudent approach to costs,” Thomas said.
“In line with this approach and as part of our restructuring, we have reluctantly undertaken some staff cuts across sales, product, IT and research this week.”
Van Eyk Research head of distribution Michael Angwin has also left the business “to spend time with family”.
