Layoffs coming as Palm sinks lower (Cnet)

Palm plans to get smaller in the coming weeks, as less money coming in the door means less money to spread around.

A company representative confirmed a report earlier Wednesday by PalmInfocenter that the struggling company has begun informing employees of job cuts, just as the holiday season kicks into full gear. The representative said Palm is not disclosing how many employees were affected by the decision to cut jobs, but PalmInfocenter said the number could be in the “hundreds.” Palm had 1,247 employees as of May 31, according to its annual report.

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