Wednesday, December 03, 2008
Sage confirms a tip passed on to me of a layoff yesterday within Sage's North American business. A Sage spokesman confirmed that the layoff affected 150 employees (about 3%) from across Sage North America.
He writes:We're supporting all of the people involved by offering severance and outplacement services. We're now at about 4,800 across North America. The reduction affected roles across the business, except for our Healthcare Division, which underwent a reorganization in July. Yesterday's changes are part of cost reduction efforts across the business that will help to ensure we continue to be competitively strong.Separately, Dennis Howlett has some good analysis on Sage's financial results, announced today. Bottom line: slowdown in activity is most acute in the U.S., especially in Sage's healthcare business. His analysis is in these two posts: Sage results show market slowdown and Sage results show impact on SMB market.
The news of layoffs in North America would be consistent with Dennis's analysis.by Frank Scavo, 12/03/2008 07:55:00 AM | permalink | e-mail this!
Reader Comments:All too true. I survived however my co-worker with 20 years of seniority with SBT/Accpac/Sage was shown the door.
Infor is in the process of laying off 400 people worldwide, December 9-10. I made it through over 10 years, and several acquisitions. Time to say goodbye!
What were the groups impacted the most by todays layoffs (may 5 / 2009)? What was the total count ? I had a few good friends who worked their.
..."To help us better bring our costs in line with revenues, we are reducing staff by about 500 positions across the company, which includes employees as well as open positions that are being closed permanently. "
Did it really say these layoffs did not include the Sage Healthcare Division? Well, I can tell you that is untrue. Unfortunately myself and several people that I worked closely with throughout the country were let go on Cinco De Mayo...
Sage also let 25 employees go from the St. Petersburg office on September 30, 2009 in an effort to reduce operating costs.Post a Comment
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