“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.”
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.
LinuxToday is a trusted, contributor-driven news resource supporting all types of Linux users. Our thriving international community engages with us through social media and frequent content contributions aimed at solving problems ranging from personal computing to enterprise-level IT operations. LinuxToday serves as a home for a community that struggles to find comparable information elsewhere on the web.
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