Science & Technology
Science and Technology
Science and Technology
Tue, November 25, 2008
[ Tue, Nov 25th 2008
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[ Tue, Nov 25th 2008
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Mon, November 24, 2008
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Schaeffer's Market Blog: Palm Slashes Payroll as Smartphone Competition Remains Stiff
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.
To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/palm+slashes+payroll+as+smartphone+competition+remains+stiff/optionbytes.aspx?single=true&byteID=89351#89351 ]
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