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UPDATED: fc.com: Netraverse, Producers of Win4Lin, Lays Off All But Five Employees

Aug 20, 2001, 18:07 (27 Talkback[s])
(Other stories by Tina Gasperson)

Consider the source, and consider a comment further down the linked page, but fc.com is reporting that Netraverse, responsible for the Win4Lin product, which allows users to run Windows apps on their Linux machines, has laid of 45 of its 50 employees.

A poster on the linked board had this to say:

"According to a Netraverse employee, there are 18 people on the payroll (mostly engineers and support people) plus 4 more working on commission."

Complete Story [ fc.com's comment boards are about as profane and unpleasant as ever. -ed. ]

NewsForge has since contacted the CTO of Netraverse, Morgan Jones, who says things aren't as bleak as fc.com indicates:

"I've traced the source of those rumors," says Jones. "I believe they are coming from a competitor." Jones refused to identify which competitor is spreading the rumors. He says that NeTraverse has been very careful to maintain good relationships with those employees it's had to let go. "We tried to let everyone down as easily as possible. We've had to be very selective in who we kept. Some of those who were laid off were very good employees. We want to be able to ask them to come back when things get better."

In response to investors' concerns about the profitability of the company, NeTraverse management ended up letting go about 60% of the former staff of 50 people. "We have 22 employees as of today," says Jones. "We made cuts across the board, including at the management level, but have maintained our engineering and customer support departments."

Complete Story

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