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BRIEFLY

Floating Point said it will cut staff and salaries.

November 03, 1986

The moves to substantially decrease operating expenses include reducing staff by 240 employees and salaries at its Beaverton, Ore. headquarters by an average of 10%. In August, the maker of high-performance scientific computers reported a loss and reduced its work force about 12%; last month it underwent a management shakeup. Additional losses are expected in the just-ended quarter.

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