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Corel Cuts 220 Jobs to Save $12M
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.
If you think you were surprised to find out Corel was laying off 220 people. Then imagine my surprise to find that they are still in business.
Who buys this stuff?
I don't see why the "MBAs of Wharton and Harvard who run the country" should have to explain about a Canadian company laying off workers....
Why'd you have to go and sully up a perfectly good karma whoring with your FACTS and LOGIC?
Jackass...
Hear! Hear!
:)
Succintly and very well put!
Almost all my formerly well paid and experienced friends are out of work now, having been "laid off" and replaced by either far lower paid wage-slaves (in the fullest sense of the word) visa workers or simply by much less experienced and lower paid people.
A great many IT workers are getting OUT of that rat race (including myself) and going back to school to learn other professions. I COMPLETELY agree with you that the greedy CEOs and other board members have completely gutted their own companies and transferred the money to themselves and I completely AGREE that the Dot-Com crash of 2001 is only a portent of things to come with the overall American economy.
As for me, I COMPLETELY refuse to work my butt off (no matter how highly paid) for the Fortune 500 any more in order to increase the value of the stock options of some schmuck at the top. I just got a job at a lower salary (half of what I used to make which is still pretty good) at a non-profit and am going to night school to be an RN.
When the economy crashes in another 7 ot 10 years look for me at the bottom of the sky-scrapers selling hot-dogs to the crowd as they watch those assholes come flying out the windows.
Yeah...I'll be smiling too
----- In Your Cubicle No One Can Hear You Scream...
54k/yr means those people sucked any way
Maybe they could save a few bucks by not paying to have the Ottawa Senators stadium named after them.
The Corel Center naming rights must cost a few bucks.
http://www.corelcentre.com/index2.aro
February 27, 1996 The Palladium is renamed the "Corel Centre" in a 20 year, multi-million dollar agreement with the internationally-known, Ottawa-based software company. The new identity positions the Corel Centre as the highest-technology sports and entertainment facility in the world.
My condolances to those that lost their jobs.
Wax on, wax off baby!