The Register: Corel staffers face up to prospect of 500 job cuts

Corel appears to be rapidly imploding, despite the C$15-30
million cash injection it successfully negotiated last

“According to a Reuters report, the morale of employees is poor,
for all CEO Michael Cowpland’s claims that the mood among staff is

“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.”


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