Gateway Inc. said Monday it is eliminating 1,900 jobs, 17 percent of its work force, in the latest round of fiscal belt-tightening at the beleaguered computer maker. The company also announced plans to close 80 -- nearly a third -- of its Gateway stores by March 24 as part of a plan to save the company about $400 million a year.

Cutting its work force will allow the company to generate a positive cash flow, a key measure of a business' financial health. Roughly half the job cuts are coming from shuttering the stores. The rest are spread around Gateway's headquarters in Poway and operations and manufacturing facilities around the country.