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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.

4 of 294 comments (clear)

  1. Re:Nothing new... by stevejsmith · · Score: 0, Offtopic

    WHOA! I know you!

  2. Re:Two corrections by djcatnip · · Score: 0, Offtopic

    2. Slashdot crew, update the Corel logo!

    Dude, they won't even update our effing 12 striped American flag icon. Don't get your hopes up. That kind of administrative stuff is just too boring to bear. :)

    --
    I make these: http://beatseqr.com
  3. Re:MOD GREAT-GRANDPARENT DOWN! by slantyyz · · Score: 0, Offtopic

    [sarcasm]I'm confused. How can troll be sexy?[/sarcasm]

  4. Re:Two corrections by dzym · · Score: 1, Offtopic

    First get them to fix the US flag. :)