August 31, 2000
Financially struggling Mynd Corp., a maker of insurance software that is awaiting government approval of a proposed buyout by El Segundo-based Computer Sciences Corp., said it would cut 300 jobs. About 200 of the cuts will be made at the company's Blythewood, S.C., headquarters, which has about 2,000 employees. Computer Sciences' plan to acquire Mynd for $16 a share has been held up by a review by the Federal Trade Commission. Shares in Mynd, formerly Policy Management Systems Corp.