StepStone’s end of 2088 results are not due until February 26, but the company gave a preview of what’s coming up. The company, which provides recruitment software to attract and retain employees, forecast 8 percent higher revenues in Q4 08 than the previous year.

The company’s performance management and succession planning are doing well, while demand for the company’s online recruitment products has dropped 10 percent from 2007. Headcount in the online division was cut by 15 percent in November.

“We acted quickly in order to realign the cost base in our online business with the objective of reducing the impact of reduced sales on our margins,” the company said in a statement. The aim is to reduce the online cost base by €2 million per quarter starting in Q2 of 2009.

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