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.

Comments

Good bye great Office Suite

[pardasaniman]

I think that Corel's failure was the fact that people pirate MS Office, and don't care to try out less expensive office suites.

In my opinion Corel Office was much more intuitive, yet, in my school, there is not one person excluding myself who doesn't pirate software. In fact teachers indirectly encourage students to get MS Office off Kazaa or "to borrow it from a friend"

It is really really sick.

We must stop piracy in the education system, it'll save good companies like Corel.

Corel's problems...

[markv242]

IMHO, Corel has gotten itself into this rut because it has tried to create too much with too little.

Draw, Wordperfect, Office, etc etc. All the while they're creating ports of .Net to FreeBSD (that won't generate any revenue) and other various frivolous projects. This is a little bit like the plight of Sonic Foundry; getting into video and creating five different audio suites really dilutes the manpower to create great applications.

What Corel needs to do is concentrate on one product and make sure it's the best in the business. Go after Photoshop. Go after Office (well, on second thought, don't). But don't go after both at the same time.

Re:Why the buyin?

[aussersterne]

Part of the problem is that all of the young hotshot twenty-somethings don't yet realize that they're on the block next.

These kids went to school, got headhunted, got a $40k salary and got stock options just like that without ever really having to think about anything. Sure, they think they're working hard, but there's just no comparison, for example, to the much more grim and realistic world experienced by kids graduating from college during the Carter years (to chose an epoch at random). The economic slide hasn't hit the current group of young adults hard enough yet; they still believe it's the nature of existence to have cash in hand and food on table and they basically consider anyone who doesn't to be a lazy bum or an idiot. They have no connection whatsoever to the concept that one can be qualified, willing, and actively searching for work and yet still end up starving.

Give it a few years. If this economic downturn starts to hit enough dotcom kids, you'll begin to hear Athese same anti-union love-Bush American kids begin to cry like babies and maybe even have some sympathy not only for laid off Americans but also for other peoples around the world, who even today in the first world are struggling much harder in many places.