November 29, 2001
Palm announces layoffs, expects Q2 loss
Author: JT Smith
Kelly McNeill writes "Maintaining that its plan for reversing its downward slide is taking hold, Palm nonetheless has announced that it will reduce its workforce. The handheld device maker said some new hires "of additional people with skill sets to match the future needs" -- including 45 software engineers recruited from recently acquired Be Inc. -- will offset planned layoffs, resulting in a net loss of some 250 jobs."
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