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Corel Cuts 220 Jobs to Save $12M

Posted by ryuzaki0 on from the working-to-stay-afloat dept.

Cecil writes "Just saw this story on the City of Ottawa's website: 'The Software maker Corel Corp. is cutting 220 jobs - more than a fifth of its workforce - in a bid to reduce costs and return to profitability amid weak technology spending.'" Of course, this stinks for those who are laid off, but hopefully Corel can turn things around.

1 of 294 comments (clear)

  1. Brilliant idea by dh003i · · Score: 1, Flamebait

    If cutting 220 jobs will save you $12 million, why not cut 440, as it'll save you $24 million? Why not cut 22,000, as that'll save you $1.2 billion? Hell, why not fire everyone...surely, that'll save you several TRILLION!!

    Why not cut jobs by 120%? You can cut the additional 20% by firing out-contractors. Hell, if you cut jobs by 1000%, surely, you'll save ALL THE MONEY IN THE WORLD!! Wow!

    --
    social sciences can never use experience to verify their statemen