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.
SYMBOLICS TO REDUCE WORKFORCE BY 225 TO REDUCE ITS COSTS
