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May 18, 1988

SYMBOLICS TO REDUCE WORKFORCE BY 225 TO REDUCE ITS COSTS

By CBR Staff Writer

Facing up to the need to reduce operating costs by over $15m a year, Cambridge, Massachusetts-based Symbolics Inc has embarked on a programme to reduce its worldwide workforce by 225 people, and lay-offs have begun. The firm’s new marketing strategy is to distribute its technology through software products, co-processor boards, systems integration services, and co-operative OEM and reseller channels, and until the new Ivory-based products are ready, it must reduce its overhead to bring it in line with the likely sales of its 3600 series of symbolic processing Lisp workstations.

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