TECHNOLOGY - Nov. 28, 1992
- Share via
Digital Equipment to Cut 6,000 Jobs: The computer maker expects to cut up to 6,000 jobs in the current quarter that ends in December, part of a previously disclosed plan to dramatically shrink the company’s payroll. Robert B. Palmer, president of the money-losing firm, has already said that Digital eventually expects to reduce its work force to under 90,000 employees over the next few years. Digital, based in suburban Maynard, Md., employed about 108,500 people worldwide at the end of its the first fiscal quarter in September. The nation’s second-largest computer company behind International Business Machines, Digital has suffered a string of heavy losses that some analysts don’t expect to end until mid-1993.
More to Read
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.