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LinuxDevices.com: Lineo reduces workforce by 13 percent

Jul 19, 2001, 07:15 (0 Talkback[s])

Lineo has announced a 13 percent layoff, saying in this statement to LinuxDevices.com that the issue is one of adjusting to the unexpected downturn despite a healthier backlog than it had last quarter:

"On Friday, July 13, 2001, Lineo conducted a layoff that affected 13 percent of our worldwide staff, or 42 people. This layoff was primarily conducted to bring sales and revenue in line with expenses and to get Lineo closer to its goal of profitability. The reduction brings Lineo's total worldwide staff to 280 people.

Lineo finished its most successful quarter ever on June 30. Lineo's sales were in line with expectations and were large enough to make Lineo the second largest Linux software company, and the largest embedded Linux software company, in the world. In the last quarter Lineo announced deals with Sharp Electronics and Motorola, joined the TV Linux Alliance, began shipping Lineo Embedix SDK 2.0 and announced our support of 93 processors and 52 boards.

Lineo is well positioned to continue its leadership in the embedded software market and succeed in helping customers adopt open standards and open source software in their embedded projects."

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