Caldera Files for Layoffs | Linux Today

Caldera Files for Layoffs

Written By
Web Webster
Web Webster
Apr 25, 2001

Caldera has filed a form 8-k with the SEC in anticipation of the
layoff of 32 of its 188 employees. The form relates the layoffs to
the pending finalization of SCO and says the cuts come from all
areas of the company.

The pertinent section of the filing:

“In anticipation of the closing of the acquisition of
SCO’s Server Software and Professional Services Groups (which is
subject to shareholder approvals) and in an effort to reduce
operating costs, Caldera Systems, Inc. (“Caldera”) announced today
that it will reduce its workforce approximately 17% by eliminating
32 of its 188 positions. The reductions will target all functional
areas of Caldera. The cost-cutting efforts will result in a
one-time charge estimated to be $450,000 for severance benefits and
outplacement.”


Complete Filing

Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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