BGSF (NYSE: BGSF), a Plano, Texas-based staffing provider, announced a cost restructuring plan aimed at reducing annual compensation and benefit expenses by $5 million. The firm continues to be affected by “uncertainties and macro pressures.”

The company in its Dec. 23, 2024, announcement also noted the firm found other expense reductions that it plans to execute this year. Those will bring an estimated $2 million to $4 million in additional savings.

“This restructuring plan re-baselines costs to improve profitability,” President and CEO Beth Garvey said in a press release. “While we have progressed with the company’s strategic review, uncertainties and macro pressures have continued to adversely impact both of our operating divisions.”

Garvey continued, “The board and the company’s management continue to evaluate strategic alternatives and expect this to be a 12- to 18-month process from our original announcement in May 2024.”

In its May announcement, the company said it was evaluating strategic alternatives for the firm. Separately, in November, it reported third-quarter revenue fell 14.7% year over year to $71.2 million.

BGSF provides staffing in IT, finance/accounting and property management.