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CNET News.com: Troubled Linuxcare announces major layoffs

May 04, 2000, 09:19 (0 Talkback[s])
(Other stories by Stephen Shankland)

"The layoffs come on the heels of a series of upheavals. In April, the company's chief executive and chief information officer abruptly resigned. Subsequently, the company announced it was postponing a planned initial public offering."

"The layoffs affected all parts of the company except the core programming "gurus," Pat Lambs, head of the office of the chief executive, said in an interview today. No future layoffs are planned, she added."

"The company wouldn't say how many lost their jobs, but sources familiar with today's action put the figure around 70. In December 1999, the company had 130 workers and planned to hire another 250 throughout 2000."

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