In the wake of a loss of $597,000 for the second quarter (full figures, page five), MIPS Computer Systems Inc, is instituting pay cuts and is offering voluntary redundancy terms to employees – the costs of which will ensure a loss this quarter too. The company says the restructuring is in part because of the Advanced Computer Environments consortium effort, which will affect MIPS’ future systems and software plans. MIPS will also evaluate assets affected by the ACE strategy; the restructuring is hoped to reduce its 780-strong workforce 5% to 10%. Salaries will be cut 10% to 20% for top executives, 5% for everyone else.
