In response to the downturn in the economy and a slowdown in the executive recruiting industry, search firm Heidrick & Struggles has reduced its global workforce by 12 percent, including several layoffs to its association search practice, based in the D.C. suburb of Tysons Corner, Va. The Chicago-based firm said the staff reductions and possible office closures are part of a global restructuring plan and are expected to save the company $31 million over the course of the next year. The reductions are a blow to the firm’s nonprofit practice, one of the most active in the Washington area. Wendy Pangburn, a partner in the practice, will remain at Heidrick until March,… Read More