Item 2.05. Costs Associated with Exit or Disposal Activities.
On October 20, 2008, Harris Interactive Inc. (the "Company"), as a step in developing its new client-centric organizational structure, has taken certain actions to align the cost structure of its United States ("U.S.") operations with the anticipated operational needs of that business. Specifically, the Company will reduce headcount at its U.S. facilities by approximately 30 full-time employees. The Company expects to complete this workforce reduction by October 31, 2008 and currently estimates that the expenses associated with the reduction will not exceed $750,000 in one-time termination benefits, all of which will involve cash payments and be incurred in the fiscal second quarter. The Company will file an amended Form 8-K if it determines that there are material changes to any of the estimates noted above. The Company continuously reviews its cost structure, including its seasonal cycles, and may pursue additional workforce reductions in the future.
The discussion in this Current Report on Form 8-K contains forward-looking statements that involve risks and uncertainties. The statements contained in this Form 8-K that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding expectations, beliefs, intentions or strategies regarding the future. All forward-looking statements included in this document are based on the information available to the Company on the date hereof, and the Company assumes no obligation to update any such forward-looking statement. Actual results could differ materially from the results discussed herein. Factors that might cause or contribute to such differences include but are not limited to, those discussed in the Risk Factors section set forth in reports or documents the Company files from time to time with the U.S. Securities and Exchange Commission ("SEC"), such as the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2008, filed on September 15, 2008. In addition, general market factors and economic trends, such as interest rates, the U.S. and world economy, the financial stability of world markets and the financial condition and outlook of the Company's customers and potential customers should also be considered. The Risk Factors set forth in other reports or documents the Company files from time to time with the SEC should also be reviewed.

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