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Title: Palm Cuts Staff by 10% Post by: Alex on December 14, 2007, 09:09:28 AM Palm Cuts Staff by 10%
Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to an anonymous source familiar with the situation. The Sunnyvale-based company did issue a statement today confirming some layoffs, but did not not publicly disclosing the exact number of layoffs. The source, however, said Palm, which has a worldwide staff of 1,150, was eliminating more than 100 jobs. In its statement, Palm said the restructuring, which also included some reassignments, was part of its ongoing effort to "focus and better align resources behind core initiatives" and "to ensure that our expenses are in line with projected revenues." Read full story... http://feeds.feedburner.com/~r/neowin-main/~3/200074293/palm-cuts-staff-by-10 |