Democratic Underground - Borland to cut 300 jobs, or 20% of full-time staff

Reply #35: Borland to cut 300 jobs, or 20% of full-time staff [View All]

UpInArms

(1000+ posts) Send PM | Profile | Ignore

Wed May-03-06 08:24 AM
Response to Reply #13

35. Borland to cut 300 jobs, or 20% of full-time staff

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B6330ECD2%2D6DD9%2D432F%2DA285%2DE74A5C68E45A%7D&dist=newsfinder&symbol=&siteid=mktw

NEW YORK (MarketWatch) -- Borland Software Corp. (BORL 5.00, -0.10, -2.0% ) said Wednesday it will cut its workforce by around 300 employees, representing about 20% of its regular full-time staff. The Curpertino, Calif. company said the majority of staff reductions will come from the reorganization of its international operations. Borland, said the job cuts in conjunction with plans for geographic consolidation and the divestiture of its Developer Tools Group will yield annualized cost savings of around $60 million. On Tuesday, the stock fell 10 cents to $5.

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Got a message for Democratic Underground? Click here to send us a message.

Reply #35: Borland to cut 300 jobs, or 20% of full-time staff [View All]