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12.15.07

Novell Layoffs Coming

Posted in Finance, Novell at 7:18 am by Dr. Roy Schestowitz

Sadly, Novell Layoff Rumours Have Materialised

This is sad news, but it is rather inevitable after a financial struggle that called for restructuring. The most pessimistic among the rumours spoke about 1,100 jobs to be cut. Other previous items (reverse chronological and partial):

As we mentioned earlier today, Novell is at least taking good care of those whom it had to let go. We wish the best of luck and send our condolences to those having to face such an ordeal.

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2 Comments

  1. Anonymous said,

    December 16, 2007 at 11:47 pm

    Gravatar

    > The most pessimistic among the rumours spoke about 1,100 jobs to be cut.

    Considering that the referenced article has been withdrawn but you continue to spread its message as fact it’s clear that this site is all about FUD.

  2. Roy Schestowitz said,

    December 16, 2007 at 11:56 pm

    Gravatar

    No, there was an update on this.

    Former Novell employee, Matt Asay, made some observations just hours ago.

    They may be good changes, but word on the street is that Novell is laying people off and reorganizing its operations, apparently quite extensively (the reorg, that is, not the layoffs). A source close to the company has suggested that Novell is trying to change its model again (perhaps indicated by the news that it is overhauling its channel program), and that some very good people have been let go.

    The figures that Asay brought up some months ago was 20-25% of the workforce (about 1,000 people).

    Again, this is just the most pessimistic outlook, as pointed out above. It’s not claimed to be most correct or most likely; it’s just most pessimistic.

    As I’ve said outside this Web site, this news is very sad. The management sold out and it’s the engineers (not the management) that suffer the most.

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