On the heels of its $84-million acquisition of San Diego rival DataWorks Corp., Platinum Software Corp. in Irvine will cut 15% of its worldwide staff and restructure its executive suite.
Both firms make software that streamline operations at mid-size corporations, particularly companies with annual revenues under $500 million. The deal, completed Dec. 31, transforms Platinum into one of the industry's largest makers of business management software.
Platinum told its workers last week that it would eliminate about 300 jobs from its newly combined staff of 2,000 employees. The cuts--some of which will come through attrition--will happen this week and will come from across the company, officials said.
Platinum employees say a quarter of the cuts will come from its Orange County and San Diego facilities, which employ 660 people. The remainder will come from the firm's other U.S. and international sales and development centers.