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

May 30, 2000, 13:03 (0 Talkback[s])
(Other stories by Tony Smith)

"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."

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