Palm laying off workers
News
By: pdaBlast! Staff
June 15, 2007
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Palm, Inc. has announced it is laying off workers. Although the exact number of workers who will lose their jobs is not know, this is fairly significant for Palm.
Palm spokesman Jim Christensen told cnet's News.com that "it's a small percentage of our work force." Christensen went on to say that the job cuts are "not about cost-cutting" but about "eliminating some of the hierarchy" at the company.
This sounds like positive spin. Palm has been rumored to be on the sale block for quite some time. They have consistently lost ground to other companies like Research in Motion. Recently it was announced that a private equity firm would buy 25% of Palm. It is not surprising that shortly after a deal like that a few people would lose their jobs.
Perhaps the new firm can make a difference at Palm. We'll have to wait and see.
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