Triangle Business Journal: Red Hat Leads Way in Cost Cuts
Feb 27, 2003, 23:30 (0 Talkback[s])
(Other stories by Lee Weisbecker)
"In 2000, according to cost management index calculations, [Red
Hat] was shelling out $1.30 in operating costs for every dollar of
revenue it was generating. By 2002, the firm was spending 96 cents
for every dollar of revenue...
"But among the company's cost-saving efforts last year was a
policy of cutting loose unprofitable acquisitions including Reston,
Va.-based Akopia Inc., Atlanta-based Planning Technologies Inc.
(ENS unit), Pittsburgh-based Hell's Kitchen Systems and Bluecurve
"Those moves cut roughly 160 from the Red Hat employee roster,
which nowadays stands at 635, according to Yahoo Finance..."