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Palm Prepare to Laid Off Its Employees (again)

Neowin · Nov 21, 2001 04:54 EST with -1 comments

A source close to the company said the exact number of jobs to be cut and the timing of the announcement will be influenced by sales during the crucial last two weeks of November, which marks the end of the company's fiscal second quarter. Other sources said Palm executives are considering cuts of 300 to 400 workers.

A Palm spokeswoman declined to comment.

The layoffs would mark the third round of significant cuts at the company this year, which has been tough for the technology industry and especially for Palm.

During the first half of the year, Palm laid off about 500 employees in two rounds of cuts. As of July 27, the company had 1,311 employees, according to a Securities and Exchange Commission filing.

View: CNET News - Palm preparing to slash staff