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October 23, 1995


By CBR Staff Writer

With estimated losses of up to $4.3m for the 1996 first fiscal quarter after a string of losses in recent quarters, Irvine, California-based financial applications house Platinum Software Corp is looking to cut over 100 of its staff worldwide, today’s Unigram.X hears. An early casualty in the clear-out is Platinum UK, which is rumoured to be losing over half of its staff, including its managing director Phil Edwards. A spokesman for the Irvine, California company claims Platinum UK will have 15 primarily channel managers remaining in its operation. As we went to press Platinum was said to have its development department in its sights, with one of the first US casualties thought to be Dan Santell, its head of research and development.

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