Gateway Cuts Workforce (approx 2000 jobs)

[UpInArms]

http://www.thestreet.com/tech/kcswanson/10146450.html

ateway (GTW:NYSE - news - research) is laying off about one third of its workforce as part of an ongoing restructuring process, the company said at a Morgan Stanley semiconductor conference late Monday.

CFO Rod Sherwood said the company plans to cut its payroll to the mid-5,000 level, down from about 7,400 as of the end of 2003, according to a report in Dow Jones.

Most of the jobs lost will be in back-end service and support functions like logistics and shipping. Bob Sherbin, a Gateway spokesperson, said the company is already about halfway through the workforce reduction. Gateway currently has a staff of about 6,500.

Sherbin said the layoff follows restructuring measures outlined in the third quarter of 2003, but that this is the first time Gateway has outlined the size of the staff reduction. He said the move is not related to Gateway's recent acquisition of white-box computer maker eMachines.

...more...

Oh yeah, we're right on the cusp. (NOT!)

[yella_dawg]

1. Not on the "cusp"...

We're "poised".

Get it right.

[hatrack]

2. I thought it was the "edge" of a "jobs rebound"

Maybe there was a memo I missed . . .

[UpInArms]

3. was that "poised" a typo

and it was supposed to be "poisoned"?

[yella_dawg]

4. Depends

on whether you want reality, or the Gospel According to Georgie.

[MUAD_DIB]

10. If you were refering to Georgie, then he

is known as the jobless lobotomy.

[CaptainClark23]

6. or perhaps

it was meant to be "pissed"

[UpInArms]

7. I think I figured it out

it was supposed to be:

"We are poisoned on the cups"

hmmmm....

The butler in the library with a knife. That's it!

[Atlant]

5. The Job-Loss Recovery just rolls on and on... (NT)

[hatrack]

8. Kicking so laid-off computer guys can hang with jobless mill workers

. . . at the top of the LBN page.

[JPace]

9. How about on a poised cusp?

And if that isn't creative enough choose from
any one of AWOL's monthly lies.

The jobs are....

Just around the corner
On the horizon
Speedily approaching
Arriving directly
Quickly materializing
Promptly nearing
Almost here
Within sight
Soon to flourish
About to happen
Presenting itself
Turning around
About to happen
Soon to arrive
Within our grasp
Forthcoming soon
Appearing promptly
Returning soon
Within our view
Coming to pass
About to develop
Coming to life
On the verge

OMG.....people are sooooo tired of this crap!

[mbperrin]

11. Man! Look at that *Bush job machine go!

There the jobs go!

[saigon68]

12. This news is not good

It frankly sucks.