The devastating bloodletting at Wang Laboratories Inc is not over yet, with its third quarter figures (in page five), the company said that the cut in its global workforce to 7,800 from 9,300 made on March 16 is not the end. It says it intends to get staffing down to 6,300 – compared with 31,000 at its peak four years ago. Based on current business levels and industry conditions, it expects turnover for the 1993 fiscal year to June 30 to be be between $1,250m and $1,300m. It says likely decline of its proprietary systems leads management to project revenue of $1,000m in fiscal year 1994. It aims to sell still further assets.
