IN BRIEF : Wyse to Cut Work Force by 15%
SAN JOSE — Wyse Technology, a maker of personal computers and terminals, said today that it plans to cut its 3,800-person work force by 15% and expects to report a loss for the nine months ended Dec. 30.
Wyse, based in San Jose, also said its president and chief operating officer, Phillip E. White, has resigned to join Informix Corp., effective today.
The company said the work force reduction, which will take place through layoffs and attrition, involves about 560 positions worldwide. About 400 are being eliminated in its Far East manufacturing operations, with the balance from other divisions.
Wyse said the reduction is being implemented in light of its third-quarter revenues, which the company previously said would fall below $100 million, yielding a loss for the quarter ended Dec. 30. The company said it now expects revenues of between $60 million and $70 million for the third quarter and a loss for the nine-month period.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
