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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.

13 of 294 comments (clear)

  1. Shame.. by Walterk · · Score: 0, Troll

    It was a nice company, well, it tried to be, and now it's going down the drain..

    --

    "If anyone needs me, I'm in the angry dome."
  2. GOOD by Anonymous Coward · · Score: -1, Troll

    All the ottawa losers can cry like the babies in winnipeg..

  3. I dunno... by Anonymous Coward · · Score: -1, Troll

    maybe now that you're done with your stupid first post attempt you can go read the article

  4. VA Systems cuts 1 jobto save $500.00 by larry+bagina · · Score: -1, Troll

    VA Systems fired an employee earlier this year, for an estimated savings of over $1 million (over the next 2000 years). It sucks to be unemployed, but on the bright side, it was jon katz! Woohoo!

    --
    Do you even lift?

    These aren't the 'roids you're looking for.

  5. Brain Drain by Mark4ST · · Score: 2, Troll
    Canada in having a problem with brain drain, and this situation is only going to contribute to it. The only people who benefit from the drain are the actual (Canadian) employees who do it. The Canadian workforce suffers because the overall skill levels drop. The middlingly-abled American has to compete for jobs with Uber-Canadian expatriots.

    It's seems like a loose-loose situation to me.

  6. Re:Not The City Of Ottawa Web Site by Anonymous Coward · · Score: -1, Troll

    Has the city of Ottawa moved to California?

  7. Re:Not The City Of Ottawa Web Site by Anonymous Coward · · Score: -1, Troll

    You're an idiot.

  8. I do by Anonymous Coward · · Score: -1, Troll

    SexyKellyOsbourne is a skank-ass troll. And moderators are idiots, just like people who respond to trolls.

  9. Re:Understaffing by G-stringed+troll · · Score: -1, Troll

    as they watch those assholes come flying out the windows.

    You mean, like this one?
    --


    The object of your secret fantasies...
  10. From what I gather by BluedemonX · · Score: 2, Troll

    this is really going to start putting Ottawa in the shit.

    First off, houses in places like Beacon Hill, even, are going for at least a quarter mil, thanks to a massive influx of greed and dot com wannabes.

    Now, Nortel is tanking, Entrust doesn't seem to be doing so well, and Corel? Well, apart from giving Ottawans yet another interestingly white trash tacky overpriced outfit to look at at every new gallery opening or whatever, it isn't doing much apart from being a big copper eyesore next to the Queensway.

    Man, I feel for those employees - but it looks like Ottawa's basket is rapidly emptying of eggs.

    --

    --- Jump!! Fire!! Bullet time!! - Lego version of the Matrix
  11. Good by Anonymous Coward · · Score: -1, Troll

    It serves them right. Lazy programmers. They'll love being on welfare I bet.

  12. On the good side by Anonymous Coward · · Score: -1, Troll

    Maybe this will help lower the housing prices here :)

  13. All right then by G-stringed+troll · · Score: -1, Troll


    I shall do the needful to fire up your senses. In the meantime, here's a souvenir *hands you a soiled g-string*

    --


    The object of your secret fantasies...