Author: JT Smith
In a report filed with the SEC, Caldera reveals its plans for staff cuts: “In anticipation of the closing of the acquisition of SCO’s Server Software and
Professional Services Groups (which is subject to shareholder approvals) and in
an effort to reduce operating costs, Caldera Systems, Inc. (“Caldera”)
announced today that it will reduce its workforce approximately 17% by
eliminating 32 of its 188 positions. The reductions will target all functional
areas of Caldera The cost-cutting efforts will result in a one-time charge
estimated to be $450,000 for severance benefits and outplacement.”
Professional Services Groups (which is subject to shareholder approvals) and in
an effort to reduce operating costs, Caldera Systems, Inc. (“Caldera”)
announced today that it will reduce its workforce approximately 17% by
eliminating 32 of its 188 positions. The reductions will target all functional
areas of Caldera The cost-cutting efforts will result in a one-time charge
estimated to be $450,000 for severance benefits and outplacement.”
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