February 20, 2001

VA Linux to cut 25 percent of staff

Author: JT Smith

Reuters reports that VA Linux plans to cut 25 percent of its workforce in an attempt to become profitable faster. The company on Tuesday "posted a quarterly loss that exceeded
Wall Street's lowered forecasts," a net loss of 28 cents per share, compared to expectations on Wall Street of 26 cents. (VA Linux owns NewsForge.)

Category:

  • Linux
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