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  Tuesday, Mar 18, 2003 Report News | Archive | Top  
Gateway Announces Job Cuts
- Posted 7:18 PM By Kagato
EMail News to a Friend  Printer Friendly Version    1 Comment | Add 
In case you haven't heard, the computer company that everybody seems to hate next to 'ye old Packard Bell (that'd be Gateway), is cutting 1900 folks from their
workforce
, or about 17% of their current employees.
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.
I only mention this because Gateway Computers is a fairly large employer here in the Kansas City area wish the best of luck to any/all those affected.
 
1 Comment Posted

#1 by KaiserRoll on Tuesday, Mar 18 at 10:00 PM 
gateway or hewitt packard... those are on my "Do not ever, ever, ever, ever 
buy" list

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