Announcement of the upheaval at Cullinet Software Inc, expected to lead to the departure of up to 400 of the 2,400 employees (CI No 919) is thought to be imminent – and may have happened by the time this issue hits subscribers’ desks or screens: also expected in the effort to stem seven straight quarters of losses is the termination of some products or projects, including ones in the white hope DEC VAX arena; the company, whose fiscal year ended on Saturday, is thought to have failed to meet its commitment of a return to profits in the period – it lost $4.1m on $61.1m this time last fiscal, and nine-month losses amount to $26.5m on $152.3m – and so the company may decide to take a bath and load all the costs of the planned restructuring into the year-end figures.
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