Formstack is a company headquartered in downtown Fishers and has been one of the success stories in bringing business to the city.  The Indianapolis Business Journal (IBJ) posted a story to its Web site Thursday morning, written by reporter Susan Orr, that says the firm is laying-off “a significant percentage of its workforce on Wednesday.”

Precisely how many jobs were eliminated was not disclosed by the firm.  IBJ  quoted Formstack CEO Chris Byers as posting on Linked-In, ““Formstack is saying goodbye to  -some wonderful people.”

Reporter Orr cited laid-off employee Linked-In posts indicating  “the cuts spanned multiple departments at Formstack, including marketing, public relations, human resources, customer service, sales and product design.”  Orr reports laid-off workers posts seem to say 40% of the Formstack work force was eliminated, possibly more than 100.

To read the full IBJ story, use this link. (NOTE:  If you are not an IBJ subscriber, your access to this story may be limited.  Once again, I recommend that you subscribe to your local media.)