Troubled database vendor Sybase announced that 600 jobs, or 11 per cent of its workforce, will be cut. The announcement follows the company's disappointing fourth quarter results.
Sybase representative Shirley Macbeth said the cuts would be worldwide and across the board, but she would not enter into specifics. Sybase would not comment on whether the cuts would impact product development.
Sybase announced that it is realigning its operations to focus on three high growth segments - Web computing, data warehousing, and what the company calls "occasionally connected computing" (mobile computing).
Late last month, Sybase reported losses of $25.5 million on revenues of $223.2 million. At the same time, the company restated its results for the first three quarters of 1997, cutting $43 million in improperly reported revenue from its Japanese subsidiary. The announcement dissipated hopes that, after a prolonged period of restructuring, Sybase had turned the corner and was on the way back to health.
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