Following Netscape Communications Corp’s dismal fourth quarter profits warning, the company has denied a report in Computer Reseller News that it is set to axe 20% of the workforce; roughly 400 people. The article quotes sources close to the company saying that the firm’s channel marketing group would be hardest hit, but a spokesperson for Netscape said that no final decisions had been made. Netscape announced last week that following poor results, it would be looking to streamline its workforce, but declined to add any numbers to the statement. A final analysis of the lay-offs will be published with the financial results on January 27.
