Amid fears of a second-quarter loss, Borland is to embark on a global restructuring, layingoff 125 staff or 15% of its worldwide workforce.
Paul Emery, vice president and chief financial officer, said the move should result in annual savings of between $15 million (#9.4 million) and $17 million. For the quarter ended 30 September, Borland is expecting a loss of between $.32 and $.36 per share on revenues of approximately $36 million.
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