The Register: Corel staffers face up to prospect of 500 job cuts

"Corel appears to be rapidly imploding, despite the C$15-30 million cash injection it successfully negotiated last week."

"According to a Reuters report, the morale of employees is poor, for all CEO Michael Cowpland's claims that the mood among staff is "good"."

"Information from insiders suggests Corel has a C$40 million cost-cutting target, and that's inherently going to mean job losses - potentially more than 500 of them, a big chunk out of Corel's 1500-strong payroll."

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• Ottawa Citizen: Corel stock hits 18-month low(May 30, 2000)
• Globe and Mail: Corel appears poised for extended cash crunch(May 27, 2000)
• CNET News.com/Reuters: Corel workers jump ship ahead of layoffs, cost-cutting(May 27, 2000)
• Ottawa Citizen: Corel lands $30 million in financing, loses 2 execs(May 26, 2000)
• Linux Journal: Corel's Cruel Karma - When really bad things keep happening to a really good company(May 26, 2000)
• CNET News.com/Reuters: Corel secures badly needed cash infusion(May 26, 2000)
• 32BitsOnline: The trouble with being Corel(May 23, 2000)
• Financial Post: Nervous Corel employees flood rivals with résumés(May 18, 2000)
• Ottawa Citizen: Battered Cowpland besieged on all fronts(May 17, 2000)