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Schaeffer's Market Blog: Palm Slashes Payroll as Smartphone Competition Remains Stiff


//science-technology.news-articles.net/content/2 .. oll-as-smartphone-competition-remains-stiff.html
Published in Science and Technology on by Market Wire   Print publication without navigation


CINCINNATI--([ BUSINESS WIRE ])--According to a Reuters report yesterday, smartphone maker Palm Inc. (NASDAQ: PALM) is the latest U.S. firm to announce job cuts. Company spokeswoman Lynn Fox reported that layoffs will start this week, though she didn't specify how many positions would be eliminated. "The goal is to consolidate resources and focus our efforts more effectively," Fox stated. Sunnyvale, California-based Palm employs 1,050 workers.

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