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November 11, 1993

WORDPERFECT FEARS IT MUST MAKE FIRST LAY-OFFS IN JANUARY

By CBR Staff Writer

Wordperfect Corp is likely to have to announce the first job cuts in its history in January, Associated Press reports. The cuts would come as part of an overhaul of business strategy that includes alliances with makers of complementary software products, according to senior vice-president John Lewis. We’ve kind of been on a path to change our ways in a few areas, he is quoted as saying. To some degree, we’ve been the nice guy of the industry. We wanted to be so friendly that sometimes it was tough for us to make the hard decisions. We were a little bit insular, I guess. He declined to say how many jobs would have to go. Analysts have warned that the Orem, Utah company, which has been losing market share to Microsoft Corp’s Word, needs to become more efficient and adaptable: in 1992, its sales per employee were $131,453 against $256,063 for Microsoft and $204,568 at Lotus Development Corp, according to SoftLetter. It employs 4,700 people in the US, 4,450 in Utah.

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