Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

Technology

August 25, 1994|From Times Staff and Wire Reports

Novell Says It Will Lay Off 1,750: The Utah-based company reported a $4-million loss for its third quarter and said it will make the cuts during the next six months to ease its financial situation. Novell Inc., which produces the best-selling software for linking personal computers in networks, has seen costs rise and revenues decline to an extent greater than expected from its June purchase of WordPerfect Corp., a maker of word-processing and other PC programs. The cutback amounts to about 17% of the combined work force of Novell and WordPerfect and follows a reduction of 1,025 workers made at WordPerfect in January. In a letter to employees, Chief Executive Bob Frankenberg said the company was having "stressful times" while consolidating Novell and WordPerfect.

Advertisement
Los Angeles Times Articles
|
|
|