|
|
Article: Cambridge, Mass., Software Firm to Lay Off 200 Workers.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 28, 2001
CopyrightCOPYRIGHT 2001 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Hiawatha Bray, The Boston Globe Knight Ridder/Tribune Business News
Jul. 28--About 200 Lotus Development Corp. workers are being laid off, victims of the economic slowdown and an ongoing restructuring at the Cambridge software firm that will bind it more tightly to parent company IBM Corp.
At the same time, Lotus is reducing its presence in Cambridge, in a quest for cheaper real estate, "We are looking at all areas to improve profitability," said Lotus spokeswoman Mary Rose Greenough, who stressed that the layoffs amount to a reduction of about 3 percent in the company's total work force of about 5,500. Laid off workers, most of them from Lotus's ...