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Caldera Files for Layoffs

Apr 25, 2001, 18:01 (23 Talkback[s])

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

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