View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 15, 1987

SYMBOLICS TO LOSE 160 PEOPLE, INCLUDING TWO VICE-PRESIDENTS

By CBR Staff Writer

The sudden rush by artificial intelligence software companies like Carnegie Group to rewrite all their development tools in C so that they can run on the generality of supermicros dealt a body blow to the specialist artificial intelligence computer manufacturers like Symbolics Inc: the Cambridge, Massachusetts company is laying off 160 people, 17% of its workforce, and those going include Bruce Rusch, vice-president for engineering, and Lawrence Coppenrath, sales and marketing vice-president; Symbolics indicates that its fiscal second quarter loss will be under $5m, against a profit of $3.1m for the same period last time, on sales of something over $23m; it lost $18.1m in its first quarter after charges.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU