“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.”