Palm sheds 200 jobs
Published: 28 Feb 2003 10:02 GMT
Palm cut 19 percent of its work force with at least half of those workers being let go on Thursday.
The Milpitas, California-based company confirmed on Thursday that it had let go of about 200 workers over the course of its third fiscal quarter, which ends on Friday.
The work force reduction leaves the company with about 900 total employees in its hardware division, Palm Solutions Group, and its operating system subsidiary, PalmSource.
The move was made in reaction to market conditions, according to Palm spokeswoman Marlene Somsak.
The cuts come amid a slump in the handheld industry; shipments in 2002 dipped about 9 percent to 12.1 million units, compared with 2001, according to Dataquest, a division of research firm Gartner.
More than half of the effected employees were notified and left Thursday. They will receive at least three months severance, Somsak added.
PalmSource, set to be spun off from Palm in the first half of this year, let go of 18 percent of its employees earlier this month. At that time, PalmSource would not say how many employees were let go or how many remained at the Sunnyvale, California-based company.
Palm confirmed on Thursday that those employees are part of the 19 percent laid off.
Glenn Cross, a corporate vice president, was among the employees whose position was eliminated. Cross joined the company in late September 2001 from Sun Microsystems.
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